Essay
Determine the interest on the following notes payable:
a.$6,000 at 10 percent for 60 days
b.$600 at 16 percent for 4 months
c.$10,000 at 12 percent for 45 days
d.$900 at 14 percent for 30 days
Correct Answer:
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a.$98.63 ($6,000 × 0.10 × 60/3...View Answer
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Correct Answer:
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