3. [4 pts) Find the maturation value of $2600 borrowed at 3.9% simple interest for 200...

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Question

3. [4 pts) Find the maturation value of $2600 borrowed at 3.9% simple interest for 200 days. Show Work: Answer:

Answer 1

Answer #1

Solutions As Given, (A) Maturation value = ? (P) Principal = $2600 (C) Rate of interest= 3:9% OR 0.039 1t). No. of days = 200

Answer 2

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