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Exercise 7-13 Interest Computations Determine the interest on the following notes. Assume 365 days per year. (Round your answers to two decimal places.) a. $38,760
Exercise 7-13 Interest Computations
Determine the interest on the following notes. Assume 365 days per year. (Round your answers to two decimal places.)
a. | $38,760 at 10 percent for 90 days | $ |
b. | $27,200 at 12 percent for 60 days | $ |
c. | $30,600 at 9 percent for 30 days | $ |
d. | $51,000 at 15 percent for 120 days | $ |
e. | $18,360 at 6 percent for 60 days | $ |
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