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    Mathematics
  3. Study Set
    Contemporary Mathematics
  4. Exam
    Exam 10: Simple Interest and Promissory Notes
  5. Question
    On January 21, Janet Rogan Borrowed $940 At\(9 \frac { 1 } { 4 } \%\)
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On January 21, Janet Rogan Borrowed $940 At 914%9 \frac { 1 } { 4 } \%941​%

Question 63

Question 63

Short Answer

On January 21, Janet Rogan borrowed $940 at 914%9 \frac { 1 } { 4 } \%941​% simple interest for 9 months. What is the maturity value? (Round to the nearest cent)

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