Calculate the Simple Interest and Maturity Value for the Following

question 81

Short Answer

Calculate the simple interest and maturity value for the following:
a)$10,000,10%,2 1/2 years
b)$3,500,5%,9 months
c)$8,000,14%,90 days

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Definitions:

Subsequent

Coming after something in time; following.

Emotional Intelligence

The ability to recognize, understand, and manage one's own emotions, as well as interpret and deal with the emotions of others.

Street Smarts

Practical knowledge and skills developed through life experiences, often in urban environments, enabling individuals to handle difficult or dangerous situations.

Existential Intelligence

A form of intelligence that involves the capacity to be sensitive to, or have the aptitude for, deep and existential questions about human existence.