Exercise 10-2

On May 15, Wild Quest Clothiers borrowed some money on a5-month note to provide cash during the slow season of the year. The interest rate on the note was8%. At the time the note was due, the amount of interest owed was $420.

Emise HP? On May 15. Wild Quest CIuIiErs bummed same money on a 5-mmlh note tn pruuide ash during the slum smn uf nine year. The imm me an the rule was 5%. At due time due name was clue, the alllEIJllt uf imam med was $420. x Vour answer Is inmnect. Try again. naenuine die ammlnl banned by wild Qua. (aund intermediate calculation m ti decima! plates. e.gi 1.251141 and nal' answer to a decimal #3515, eg. 125,) . Manumanmnq... m % Assume due amuunt bummed was $15.13]. what was due im late ifthe alllElJlIt nl irtu'uit awed was $567? (Rnund' intermediate almiatu'un m 6 dairnaf places. eig. 1.151241 and nal answer In I? deaf-Iva! plates. e.g. 15.2.) a Intauil Rate a I\" x Vour answer is inmnect. Try again. I Vour answer is partially DDHEEL Try again. Prepare the mmr fur the inial bunuw'ing and the razavmentlur due face. in part (a). (Credit aucuunt titles are autummfi'y indented when amuunt is entered, Da run indent manua'y.) name lam-chased ape-anon net: Oath I-'Hal lulu-"Ia: w \"warn-5P SEW- 15 Noun PayahIe IntErEt Emmse 1': 1: 1