document.write( "Question 174220: a businesswoman signs a 120-day, 9% simple interest note of $40,000 on May 25. Find the maturity date of the note and the maturity value of the note using ordinary method. \n" ); document.write( "
Algebra.Com's Answer #129331 by Mathtut(3670)![]() ![]() ![]() You can put this solution on YOUR website! mv=p+prt 40000+40000(.09)(120/360)=41200 \n" ); document.write( ": \n" ); document.write( "maturity date 6 days in May \n" ); document.write( ".............30 June \n" ); document.write( ".............31 July \n" ); document.write( ".............31 Aug \n" ); document.write( ".............22 Sept \n" ); document.write( "............120 total \n" ); document.write( ": \n" ); document.write( "Sept 22 is the date of maturity \n" ); document.write( " |