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finding the interest and maturity value 540,000 and 12% 2years ​

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YOUCANCAIIMENICKIN

[tex]\mathbb{ANSWER}[/tex]

  • The maturity value of the loan is 669,600 and the Simple interest is 129,600.

Step-by-step explanation:

The S.I of a loan can be formulated through this equation.

  • S.I=P×R×T

Let's substitute the following given in the equation.

  • S.I=P×R×T

  • S.I=540,000 × 0.12 × 2

  • S.I=129,600

To calculate the maturity value of a loan add the S.I to the P.A.

  • MV=P.A + S.I

  • MV=540,000 + 129,600

  • MV=669,600

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