Manuel fraser’s bank granted him a single-payment loan of $9,650. he agreed to repay the loan in 146 days at an ordinary interest rate of 7.75%. what is the maturity value of the loan?

Maturity Value=$ 9953.305

Step-by-step explanation:

Manuel Fraser’s bank granted him a single-payment loan of $9,650.

He agreed to repay the loan in 146 days at an ordinary interest rate of 7.75%.

i.e. we have:

P=$ 9650

R=7.75

T=146 days= 146/360 year.

Now the interest(I) on the loan is given by the formula as:

Hence, on putting the values of P, R and T in the formula of the interest we obtain:

Hence, the maturity value is:

Maturity value=P+I

                     = 9650+303.305

                    = $ 9953.305

Hence,

Maturity Value=$ 9953.305

step-by-step explanation:

you divide the denominator by the numerator on both sides and if the quotients are equal then the fractions are equivalent

answer: the price of one pound cabbage = $ 0.8

the point (10,8) represents that the cost of 10 pounds cabbage is $ 8

step-by-step explanation:

since, here is a proportional relation between the number of pounds of cabbage (x) and the price in dollars (y).

therefore, we can write,

⇒ y = k x

where k is the constant of proportionality.

now, point (5,4) is in the line.

thus, it will satisfies the above equation of line.

⇒ 4 = 5 k

⇒ k = 0.8

thus, the equation of the line is,

y = 0.8 x

a) for x = 1,

y = 0.8

therefore, the cost of one pound of cabbage is 0.8 dollars.

b) in the below graph (10,8) represents that the cost of 10 pounds of cabbage is 8 dollars.