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Using the ordinary interest method, find the amount of interest on a loan of $2,600 at 12% interest for 120 days. A.$104 B.$102.58 C.$2,702.58 D.$453.61
Using the ordinary interest method, find the amount of interest on a loan of $2,600 at 12% interest for 120 days.
A.$104
B.$102.58
C.$2,702.58
D.$453.61
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Managerial Accounting
Authors: James Jiambalvo
6th edition
9781119158226, 111915801X, 1119158222, 978-1119158011
