James borrows $12,000 for equipment so that he could do some of his personal training work in

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James borrows $12,000 for equipment so that he could do some of his personal training work in his garage. He agreed to repay $13,200 after 300 days. Find the amount of interest and the interest rate

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Management Accounting

ISBN: 978-0132570848

6th Canadian edition

Authors: Charles T. Horngren, Gary L. Sundem, William O. Stratton, Phillip Beaulieu

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Question Posted: Jul 29, 2013 12:05 AM

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James borrows $12,000 for equipment so that he could do some of his personal training work in

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Principal amount 12000 Repay after 300 days 13200 a Interest amount ...View the full answer

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