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

c. 65°

step-by-step explanation:

we are given a triangle with two known angles, 62° and 53°, while the third angle x is unknown and we are to find its value.

we know that the sum of angles in a triangle is equal to a total of 180 degrees. so we can write it as:

x + 62° + 53° = 180°

solving to find the value of x:

x = 180 - (62 + 53) = 65°

therefore, the value of x in this triangle is 65°.

step-by-step explanation: