Didzo took a loan of $14 600 on January 10, 2013 at a rate of 9.25%. He repaid the loan on June 4, 2013. What is the interest due on repayment date? Select one: a. $532.80 b. $529.10 c. $540.20 d. $536.50 e. $543.90

Didzo took a loan of $14 600 on January 10, 2013 at a rate of 9.25%. He repaid the loan on June 4, 2013. What is the interest due on repayment date? Select one: a. $532.80 b. $529.10 c. $540.20 d. $536.50 e. $543.90

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Didzo took a loan of $14 600 on January 10, 2013 at a rate of 9.25%. He repaid the loan on June 4, 2013. What is the interest due on repayment date?

Select one:

a. $532.80

b. $529.10

c. $540.20

d. $536.50

e. $543.90

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