Principal = $40,265.62
=12.2%
Time = 133 days
Interest = Principal x Rate x Time
= 40,265.62 x 12.2% x 133/365
= $1,789.99
Maturity value = Principal + Interest
= 40,265.62+1,789.99
= $42,055.61
Note: Exact answer may slightly differ due to rounding off
Kindly comment if you need further assistance. Thanks‼!
Find the maturity value of the loan using exact interest: Principal Rate Time Maturity Value $40.265.62...
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