Question 2 of 10
Find the simple interest owed and maturity value of the loan given the information.
Principal = $1100; rate = 15%; time = 3.5 years
(10 points)
Extra Content
(a) I = Prt
(b) M=P+
A. I = $5814; M = $6914
B. I = $580.50; M = $1680.50
C. I = $577.50; M = $1,677.50
D. I = $5775; M = $6875