kenna162
02.09.2020 •
Mathematics
Can someone tell me if I got this right or not?
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Ответ:
Right
Right
Explain
Right
Ответ:
Ответ:
The formula for computing the amount of simple interest is:
I = Prt
Where P = principal amount of the loan
r = interest rate of the loan
t = duration of the loan
Substituting the amounts in the formula,
I = (150,000) (6.5%) (3)
= 29,250
To compute for the maturity value, you have to add the interest to the principal amount:
Maturity value = 150,000 + 29,250 = 179,250