Determine the interest on the following notes: (Use 360 days for calculation.) (a) $5,800 at 6% for 90 days. $Enter the interest in dollars (b) $800 at 9% for 5 months. $Enter the interest in dollars (c) $7,200 at 7% for 60 days. $Enter the interest in dollars (d) $1,800 at 7% for 6 months. $Enter the interest in dollars
Determine the interest on the following notes: (Use 360 days for calculation.) (a) $5,800 at 6% for 90 days. $Enter the interest in dollars (b) $800 at 9% for 5 months. $Enter the interest in dollars (c) $7,200 at 7% for 60 days. $Enter the interest in dollars (d) $1,800 at 7% for 6 months. $Enter the interest in dollars
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Determine the interest on the following notes: (Use 360 days for calculation.)
| (a) |
$5,800 at 6% for 90 days.
|
$Enter the interest in dollars | ||
|---|---|---|---|---|
| (b) |
$800 at 9% for 5 months.
|
$Enter the interest in dollars | ||
| (c) |
$7,200 at 7% for 60 days.
|
$Enter the interest in dollars | ||
| (d) |
$1,800 at 7% for 6 months.
|
$Enter the interest in dollars |
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