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  3. Study Set
    Business Mathematics Study Set 1
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    Exam 9: Simple Interest
  5. Question
    Find the Interest and Maturity Value for the Loan
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Find the Interest and Maturity Value for the Loan

Question 17

Question 17

Multiple Choice

Find the interest and maturity value for the loan. Round to the nearest cent.
-$46,228 at 7.4% for 23 months


A) $6,611.77; $52,839.77
B) $6,841.74; $53,069.74
C) $6,271.60; $52,499.60
D) $6,556.67; $52,784.67

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