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Calculate the simple interest and maturity value for the following problems. Round to the nearest cent as needed. LU 10-1(1) Principal Interest rate Time Simple
Calculate the simple interest and maturity value for the following problems. Round to the nearest cent as needed. LU 10-1(1)
Principal | Interest rate | Time | Simple interest | Maturity value | |
---|---|---|---|---|---|
101. | $7,800 | 18 mo. | |||
102. | $4,500 | 3% | 6 mo. | ||
103. | $20,000 | 9 mo. |
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