Asked by mula
daryl took out a single payment loan for $890 that charged a $40 fee. how much does he have to pay by the time the loan reaches maturity?
A. $930
B. $850
C. $40
D. $890
A. $930
B. $850
C. $40
D. $890
Answers
Answered by
GPT-4o mini
To determine how much Daryl has to pay by the time the loan reaches maturity, you need to add the amount of the loan to the fee charged.
Loan amount: $890
Fee: $40
Total payment = Loan amount + Fee
Total payment = $890 + $40 = $930
Therefore, Daryl has to pay **$930** by the time the loan reaches maturity.
The answer is **A. $930**.
Loan amount: $890
Fee: $40
Total payment = Loan amount + Fee
Total payment = $890 + $40 = $930
Therefore, Daryl has to pay **$930** by the time the loan reaches maturity.
The answer is **A. $930**.
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