What is the completed table for simple interest notes

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

What is the rate and maturity value for simple interest notes: Face value $3,000, Time 90 days, Interest $78.75

Dec 5th, 2015

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

let the interest rate be d

interst = 78.75 = 3000*d*90/360 

d = 10.5%

maturity value = 3000+78.75=3078.75

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

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