# Answer on Other Math Question for kailyn

Question #20999

Isaac's bank granted him a single-payment loan of $2500 for 90 days at 10 percent ordinary interest. What is the maturity value of the loan?

Expert's answer

As this is ordinary interest, and if the rate is 10% per 90 days, then maturity value of the loan is:

2500*(1+0.1)=2750 $

2500*(1+0.1)=2750 $

Need a fast expert's response?

Submit orderand get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!

## Comments

## Leave a comment