whats the interest on a $18000, 8%, 30-day note receviable ? Multiple Choice Question 141 The...

Question

Question

whats the interest on a $18000, 8%, 30-day note receviable ?

Answer 1

Answer #1

ANSWER:

OPTION: $120

EXPLANATION:

Interest amount = principle x rate of interest x period

= $18000 x 8% x (30/360)

= $120

Answer 2

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