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Insert an answer for each of the following  p= $ 3,200, r=.023, t= 3months. interest ? ________________________. p=$ 1,700, r=.055, t= 90 days. interest ? ____________________________. sales $ 3,790, returns $ 390, sales terms 2/10 n 30. discount ________________? and remittance ( paid) __________________________? ( assume paid in discount period)

Insert an answer for each of the following  p= $ 3,200, r=.023, t= 3months. interest ? ________________________. p=$ 1,700, r=.055, t= 90 days. interest ? ____________________________. sales $ 3,790, returns $ 390, sales terms 2/10 n 30. discount ________________? and remittance ( paid) __________________________? ( assume paid in discount period)

FINANCIAL ACCOUNTING
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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Insert an answer for each of the following 

  1. p= $ 3,200, r=.023, t= 3months. interest ? ________________________.
  2. p=$ 1,700, r=.055, t= 90 days. interest ? ____________________________.
  3. sales $ 3,790, returns $ 390, sales terms 2/10 n 30. discount ________________? and
  4. remittance ( paid) __________________________? ( assume paid in discount period)
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