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

Question 113

Question 113

Multiple Choice

Find the interest and maturity value for the loan. Round to the nearest cent.
-$19,480 at 10% for 2.7 years


A) $5,064.80; $24,544.80
B) $2,768.21; $22,248.21
C) $5,259.60; $24,739.60
D) $7,207.60; $26,687.60

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