principal 12,000, interest 9%, date borrowed April 5, date repaid April 9, what is the number of days, simple interest and amount paid back?
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principal 12,000, interest 9%, date borrowed April 5, date repaid April 9, what is the number of days, simple interest and amount paid back?
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- Compute the principal (in $) for the loan. Use ordinary interest when time is stated in days. Principal Rate (%) Time Interest $ 9 6 months $1,575j. Interest was accrued on the note receivable received on October 17 ($100,000, 90-day, 9% note). Assume 360 days per year. Date Description Debit Credit Dec. 31 Interest Receivable v 1,850 X Interest Revenue v 2,250 XCompute the principal (in $) for the loan. Use ordinary interest when time is stated in days. Principal Rate (%) $ +A 8 Time Interest 14/1/2 years $1,080
- Simple Interest: A $45,000 loan at 3.75% dated June 10 is due to be paid on October 11. Using ordinary interest, what is the amount of interest?Compute the principal (in $) for the loan. Use ordinary interest when time is stated in days. Principal Rate (%) Time Interest 12 1- years $1,080 Need Help? Read ItSlingerland borrowed $6,000 on July 20, at 11% interest. If the loan was due on October 15, what was the amount of interest on the loan using the exact interest method? A. $103.07 B. $143.01 C. $157.32 D. $220.00
- $9,334 principal, 8.1% ordinary, 84 days (Ordinary Interest is 360 days) Find simly interest earn. Show workDetermine the due date and the amount of interest due at maturity on the following notes: Date of Note January 5 * February 15 * May 19 August 20 e. October 19 a. $87,000 27,000 66,000 34,000 52,000 * Assume a leap year in which February has 29 days. Assume 360 days in a year when computing the interest. Note b. C. d. (a) (b) (c) (d) (e) Face Amount Due Date $ Interest Interest Rate 1000 6% 4 8 5 7 Term of Note 120 days 30 days 45 days 90 days 90 daysCompute the maturity date and interest for the following notes.( use 360 days for calculation) Dates of notes Terms Principal Interest Rate a. April 17 45 days 48,000 3% b. August 11 2 months 72,000. 7% Maturity date. Interest a. ? $? b. ? $?
- Determine due date and interest on notes Determine the due date and the amount of interest due at maturity on the following notes: Date of Note Face Amount Interest Rate Term of Note a. January 5* $87,000 6% 120 days b. February 15* 27,000 4 30 days c. May 19 65,000 8 45 days d. August 20 32,000 5 90 days e. October 19 A 48,000 7 90 days *Assume a non-leap year in which February has 28 days. Assume 360 days in a year when computing the interest. Note a. b. C. d. e. Due Date InterestFind the amount (in $) of interest on the loan. Principal Rate (%) $70,000 m/+ 3 5- 4 Time 9 months $ InterestWhat is the amount of interest revenue that must be accrued on December 31st for a nine-month, 6%, $2,000 note receivable that was accepted on November 1st? what is the interest accrued?
