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    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 52

Question 52

Multiple Choice

Find the interest and maturity value for the loan. Round to the nearest cent.
-$7,454 at 10% for 9 months


A) $496.93; $7,950.93
B) $559.05; $8,013.05
C) $621.17; $8,075.17
D) $563.75; $8,017.75

Correct Answer:

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