Ruth and juan dimas would like yo borrow $2,600 for 90 days to pay their real estate tax. state savings and loan charges 7.25 percent ordinary interest while security bank charges 7.5 percent exact interest. what’s the maturity value of each loan?

$2647.13

$2648.08

Step-by-step explanation:

To solve for the value of each loan we will use the formula:

Let's break down the variables that we have.

P = $2,600

r = 7.25% or 0.0725

r2 = 7.50% or 0.0750

t = 90 days

Now since we're computing for two different types of interest, let's take it one at a time.

First the State Saving and Loan.

In this situation we are solving for ordinary interest, where we compute with the total number of days are 360

The maturity value of State Savings and Loan is $2,647.13.

Now let's move on to the Security bank.

The security bank charges 7.5% exact interest. For exact interest we use 365 days.

The maturity value of the Security bank is $2,648.08.

stew reads at the fastest rate of 265 words per minute.

step-by-step explanation:

it's a given that felicia reads at 260 word per minute and on connie's graph we can see that she reads 200 words per minute. since stew's table tells us that he read 795 in 3 minutes, we can divide 795 by 3 to find out how many words he reads per minute.

795/3 = 265

stew reads 265 words per minute - he reads at the fastest rate since felecia reads at 260 words per minute and connie reads at 200 words per minute.

stew (265) > felecia (260) > connie (200)

where are the choices?