nicolejadaoun nicolejadaoun
  • 23-04-2018
  • Mathematics
contestada

A company receives a 10%, 120-day note for $1,500. The total interest due on the maturity date is

Respuesta :

CastleRook
CastleRook CastleRook
  • 02-05-2018
Assuming a simple interest model for this information, the interest due at maturity will be:
I=(PRT)/100
where:
P=principle
R=rate
T=time
thus
I=1500×120/364×10/100
I=$49.45
Answer: $49.45

Answer Link

Otras preguntas

Exercising the muscles changes the ratio of _______ and speeds up weight loss. a. fat to muscle fiber b. protein to muscle fibers c. blood to muscle groups d
True or false Julie has an ectomorph body type, which means she is tall and thin with long arms and legs
1. Define and explain the meaning of the ff. Word. A. Social behavior B. Cultural behavior C. Phenomena D. Taboo 2. Why is the norm of dicency and conv
Overgrazing, overfarming, and the diversion of water for irrigation are significant causes of __________. a. deforestation b. desertification c. decreased ag
Reiterate a. repeat b. clean c. persuade d. force
5. Which one of the following statements does not accurately describe vibrations? A. Two bodies with the same vibration frequency that are placed next t
. Rules and instructions issued by the president that have the same force as laws upon federal agencies are called executive orders. treaties. presidential decr
Gene testing is foolproof since it scans the building blocks of humans.
True or false: Cardiovascular endurance is defined as the boy's ability to use oxygen to meet energy demands of muscles through anaerobic exercise. a. True b
What are Z- and Z2-scores?