selfpatricia
selfpatricia selfpatricia
  • 02-03-2017
  • Business
contestada

A $40,000 loan at 4% dated June 10 is due to be paid on October 11. The amount of interest is (assume ordinary interest

Respuesta :

dileepkumarnunna
dileepkumarnunna dileepkumarnunna
  • 02-03-2017
interest=(P*T*R)/100
   = (40000*0.33*4)/100
   = $528
Answer Link
Geophilip
Geophilip Geophilip
  • 27-02-2020

Answer:

$1,600

Explanation:

Since the borrower is to pay 4% of the money by October 11(Due time)

4% of the principal is simply

(4/100)* 40,000 = $1,600

Answer Link

Otras preguntas

how do you balance __H2SO4 + __B(OH)3 --> __B2(SO4)3 + __H2O
What are the advantages and disadvantages of globalization
how do you balance __H2SO4 + __B(OH)3 --> __B2(SO4)3 + __H2O
how do you balance __H2SO4 + __B(OH)3 --> __B2(SO4)3 + __H2O
What are the advantages and disadvantages of globalization
how do you balance __H2SO4 + __B(OH)3 --> __B2(SO4)3 + __H2O
Hey guys, I need 5 sentences!¿Prefieres viajar en coche, en tren, en barco o en avión? ¿Por qué?
Hey guys, I need 5 sentences!¿Prefieres viajar en coche, en tren, en barco o en avión? ¿Por qué?
Hey guys, I need 5 sentences!¿Prefieres viajar en coche, en tren, en barco o en avión? ¿Por qué?
Hey guys, I need 5 sentences!¿Prefieres viajar en coche, en tren, en barco o en avión? ¿Por qué?