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    Business Mathematics Study Set 1
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    Exam 9: Simple Interest
  5. Question
    Find the Maturity Value of the Simple Interest Note
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Find the Maturity Value of the Simple Interest Note

Question 27

Question 27

Multiple Choice

Find the maturity value of the simple interest note.
-Face Value: $5,912
Length of Loan: 224 days
Rate: 12%


A) $5,470.57
B) $6,353.43
C) $6,359.65
D) $5,955.54

Correct Answer:

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