What is the completed table for simple interest notes

Business & Finance
Tutor: None Selected Time limit: 1 Day

What is the interest and maturity value for simple interest notes. Round money to the nearest cent: Face value $9800,  Rate 8.5%,  Time 200 days,    

Dec 5th, 2015

Thank you for the opportunity to help you with your question!

interest = 9800*8.5%*200/360 = 462.78

maturity value = 9800+462.78 = 10262.78

Please let me know if you need any clarification. I'm always happy to answer your questions.
Dec 5th, 2015

Are you studying on the go? Check out our FREE app and post questions on the fly!
Download on the
App Store
...
Dec 5th, 2015
...
Dec 5th, 2015
Dec 7th, 2016
check_circle
Mark as Final Answer
check_circle
Unmark as Final Answer
check_circle
Final Answer

Secure Information

Content will be erased after question is completed.

check_circle
Final Answer