× Didn't find what you were looking for? Ask a question

Recent Posts • Latest Topics • Unanswered Questions

After 159 days,she paid a maturity value of $11,626, which included interest of $814.

Lakber Mand

wrote...

Posts: 4

Rep:

3 years ago

After 159 days,she paid a maturity value of $11,626, which included interest of $814.

Jane Clark borrowed some money from her bank. after 159 days,she paid a maturity value of $11,626, which included interest of $814. find the interest rate on her loan.

Read 484 times

3 Replies

Report

Related Topics

Replies

bio_man

wrote...

#1

Subject Expert

Educator

3 years ago

See if this works. If not, let me know.

Report

Lakber M. Author

wrote...

#2

3 years ago

The choices are
A. 10.9%
B. 12.0%
C. 10.6%
D. 11.1%

Report

bio_man

wrote...

#3

Subject Expert

Educator

3 years ago

I don't know, I used the formula:

$maturity\ value=principle\ value\left(1+\frac{r}{365}\right)^t$

principle: $11,626 - $814 = $10,812

maturity: $11,626

Do you have a similar example I can follow?

Report

New Topic

Quick Reply

Explore

Post your homework questions and get free online help from our incredible volunteers

2094 People Browsing

Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook

Related Images

206

675

459

Your Opinion

Previous poll results: Which of the following is the best resource to supplement your studies:

It's sore throat season, why does my mucus have red spots?

Bonobos, Chimpanzees, and the 98% DNA Link

Strange Ingredients Lurking in Doritos Chips

Courses by Biology Forums

The Toxic Skin and Fungi Defense

Ready to ask a question on Biology Forums? Try it out

Join Our Community

Biology Forums - Study Force is a free online homework help service catered towards college and high school students. Get homework help and answers to your toughest questions in biology, chemistry, physics, mathematics, engineering, accounting, business, humanities, and more. Master your assignments quickly with thousands of step-by-step solutions to countless textbook questions asked and answered by our members. If we don't have your question, don't worry. You can ask any homework question and get expert homework help in as little as two hours.

Our extensive online study community is made up of college and high school students, teachers, professors, parents and subject enthusiasts who contribute to our vast collection of study resources: textbook solutions, study guides, practice tests, practice problems, lecture notes, equation sheets and more. With our help, your homework will never be the same!

Join for free today

How is Biology Forums - Study Force different than tutoring?

Home Search Q & A Board Gallery Resource Library Blog Dictionary Chat	Quick Links Start a Topic Latest Topics Unanswered Questions Courses Study Tools Browse by Textbook	Social Facebook YouTube Community Stats Who's Online Trending Staff	Help About Us Take the Tour Study Tips Posting Guidelines Terms and Policies Contact Us
Biology Forums - Study Force © 2010-2025 \| Powered by SMF \| SMF © 2015, Simple Machines \| Sitemap Biology-Forums.com is not affiliated with any publisher. Book covers, title and author names appear for reference only.