Using 360 days as the denominator, calculate interest for the following notes using the formula I P R T Principal Rate Time Interest 6 00 7 50 $5,000 1,000 4,500 950 30 days 60 120 8 00 6 80 7 25 95 1,250 2,900 102 90 7 00...

Principal Rate Time Interes ...

Using 360 days as the denominator, calculate interest for the following notes using the formula I =

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Using 360 days as the denominator, calculate interest for the following notes using the formula I = P Ã— R Ã—T.

Principal Rate Time Interest 6.00% 7.50 $5,000 1,000 4,500 950 30 days 60 120 8.00 6.80 7.25 95 1,250 2,900 102 90 7.00

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College Accounting

ISBN: 978-0538745192

20th Edition

Authors: Heintz and Parry

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Question Posted: Dec 21, 2011 10:15 AM

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Using 360 days as the denominator, calculate interest for the following notes using the formula I =

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Principal Rate Time Interest 6.00% 7.50 $5,000 1,000 4,500 950 30 days 60 120 8.00 6.80 7.25 95 1,250 2,900 102 90 7.00

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