On 1/5, an amount of 200,000 dinars was borrowed with an interest of 18%. The term of the loan Years, noting that the interest is paid every 3 months. Calculate the interest of the loan for the first three months and record the interest

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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On 1/5, an amount of 200,000 dinars was borrowed with an interest of 18%. The term of the loan
Years, noting that the interest is paid every 3 months.
Calculate the interest of the loan for the first three months and record the interest
Transcribed Image Text:On 1/5, an amount of 200,000 dinars was borrowed with an interest of 18%. The term of the loan Years, noting that the interest is paid every 3 months. Calculate the interest of the loan for the first three months and record the interest
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