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    Mathematics
  3. Study Set
    Contemporary Mathematics
  4. Exam
    Exam 10: Simple Interest and Promissory Notes
  5. Question
    Jimmy Wants to Pay Off a Personal Debt
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Jimmy Wants to Pay Off a Personal Debt

Question 1

Question 1

Short Answer

Jimmy wants to pay off a personal debt. He took out a loan for $2,750 with his credit union, at 8.05% interest, for 1.5 years. What is the maturity value of Jimmy's loan? (Round to the nearest cent)

Correct Answer:

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