Compute the interest earned on the following notes $25,000, 6%, 150 DAYS
Compute the interest earned on the following notes
$25,000, 6%, 150 DAYS
Homework Answers
FAce value of note = $25000
Interest rate = 6%
Period = 150 days
Interest earned = 25000 *6% *150/365 = $616.43
Rounded to $ 616
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Compute the interest earned on the following notes
$25,000, 6%, 150 DAYS
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