Solve the problem.Find the total amount of money (maturity value) that the borrower will pay back on a loan of $6270 at 7% annual simple interest for 1.1 years.

A. $7191.69
B. $6752.79
C. $6708.90
D. $6524.10


Answer: B

Mathematics

You might also like to view...

By calculating an appropriate number of terms, determine if the series converges or diverges. If it converges, find the limit L and the smallest integer N such that  for  otherwise indicate divergence.an = (1 + 0.153/n)n

A. L ? 1.1653, N = 6 B. L ? 1.153, N = 6 C. L ? 1.1653, N = 2 D. diverges

Mathematics

For an infusion pump, you must calculate the flow rate in mL/hr. If a doctor orders an IV of 500 mL fluid to be infused over 5 hours, calculate the flow rate in mL/hr.

A. 250 mL/hr B. 50 mL/hr C. 167 mL/hr D. 100 mL/hr

Mathematics

Solve the problem.Find the number of ways to arrange the letters in LOOK.

A. 16 B. 12 C. 24 D. 4

Mathematics

Determine whether the statement is True or False.16 ? 8

A. True B. False

Mathematics