Question $6$ of $8$

$\frac{0\mathrm{.}33}{1}$

Knowledge Check

Pina Supply accepts a $$5,000,120-$day, $5\%$ note dated April $10$ from Clairmont in settlement of Leonard's overdue open account. What is the maturity date?

Determine the interest amount for the three promissory notes. $($For notes expressed in terms of days, use a $360-$day year. Round your answers to $2$ decimal ploces, $98\mathrm{.}52\mathrm{.}75.)$

Terms of Note Interest

$$5,000,6\%,120$ days

$$3,000,5\%,1$ year

$$7,000,8\%,6$ months

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