The simple interest due on a 2-month loan of $3300 is $560. What is the maturity value of the loan?
A) $3860
B) $2740
C) $3864
D) $1110
E) $3856
Correct Answer:
Verified
Q31: Action Machining Company purchased a robot-controlled lathe
Q32: A department store employs 1300 people during
Q33: Shannon O'Hara borrowed $10,000 for 60 days
Q34: A physician obtained a 10-month loan for
Q35: Juanita's average monthly expense for gasoline was
Q37: One credit card company charges 1.3% per
Q38: By installing energy-saving equipment, the Pala
Q39: Find the simple interest Jacob Zucker owes
Q40: A disc player that regularly sells for
Q41: To save for a child's education, the
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents