A $ 49,437 simple interest bearing promissory note is issued on July 13, 2019 at 11.11...

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A $ 49,437 simple interest bearing promissory note is issued on July 13, 2019 at 11.11...

A $ 49,437 simple interest bearing promissory note is issued on July 13, 2019 at 11.11 % p.a. for 173 days. Determine the interest that will be earned on the promissory note.

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Answer 1

Answer #1

P = & 49437 Sifnterest PRT 100 R = 11.lll. pia T = 173 dap 173 year 365 Simple forwart - 49437 x 11 x 173 150 x 365 Z 2 603.2

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Answer 2

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