Posted by **Anonymous** on Monday, June 17, 2013 at 8:08pm.

Using the exact interest method (365 days), find the amount of interest on the following loan

Principal

Rate (%)

Time (days)

Exact Interest

$1,700

12½ %

33

- business math -
**Ms. Sue**, Monday, June 17, 2013 at 8:12pm
I = PRT

I = 1,700 * 0.125 * 0.0904

I = 19.21

- business math -
**jd**, Saturday, September 28, 2013 at 7:55am
What is the maturity value of the following loan? Use MV = P(1 + RT) to find the maturity.

Principal

Rate (%)

Time

Maturity Value

$120,740

11¾ %

7 months

## Answer this Question

## Related Questions

- business math - using the exact interest method 365 days, find the amount of ...
- Business Math - Joyce took out a loan for $21,900 at 12 percent on March 18, ...
- Business Math - Find the amount of the principal on a loan at 6% interest for ...
- math - the total amount of interest on this loan of $6000 for 150 days is $210....
- Math - Find the amount of the principal on a loan at 6% interest for 274 days if...
- math - The total amount of interest on a loan of $6,000 for 150 days is 210.50....
- business math - . Ludwig borrowed $8,000 on July 20, at 11% interest. If the ...
- math - The total amount of interest on a loan of $6,000 for 150 days is $210.50...
- math - The total amount of interest on a loan of $6,000 for 150 days is $210.50...
- math - Jefferson Bank made a loan at 6% interest for 146 days. If the amount of ...