Juan dimes received a single payment loan from his loan for $4,000. he agreed to repay the loan in 90 days at an interest rate of 8.5% exact interest. what is the maturity value of his loan when he pays it back in 90 days.  $83.84
$4,085.00
$4,083.84
$85.00

9514 1404 393

  (c)  $4,083.84

Step-by-step explanation:

The amount due is ...

  A = P(1 +rt)

where P is the amount borrowed, r is the annual rate, and t is the number of years. For "exact interest", we use 365 days in a year, so the number of years is 90/365.

  A = $4000(1 + 0.085×90/365) ≈ $4083.84

Juan's loan will have a value of $4083.84 at maturity.

4008.5

Step-by-step explanation:

jml angle lkj & angle mj = lm

this is a direct variation proportion. y = kx

y is the total amount due, k is the constant of variation, and x is the number of texts sent.

plug in the 3.20 and the 16 to solve for the "k". this is the constant of proportionality. it is the value that will not change.

3.20 = k(16). solving you get $.20 per text.

the equation would then be y = .20x