(b) A bank credits interest on a deposit using accumulation factors based on a variable force of interest. On 1 January 2018, a customer deposited £ 26,000 with the bank. On 1 January 2022, the deposit has grown to £60,000. The force of interest per annum is a exp(-1/4) (1 January 2018 = period. Find the force of interest per annum on 1 January 2020. 0, unit of time year, a e R) during the

n 28 February 2023, the end of the financial year, the Fixed deposit account had a balance of R100 000 and the interest on fixed depositccount reflected a total of R5 000. The interest rate is 8% p.a. and interest is not capitalised. An increase of R20 000 in fixed deposit accountwas made on 01 December 2022 and this has been recorded. How much was reflected as interest on fixed deposit in the statement ofcomprehensive income for the year ended 28 February 2023?O A. R6 800OB. R11 800O C. R5 200OD. R8 000

Suppose that $1,364 was on deposit in a bank at the beginning of 2022 and that this amount increased to $3,660 by the end of 2048; there were no intermediate transactions. What was the annual interest rate?

On 1 September 2019, J & J Co. issued a note payable to National Bank in the amount of P900,000, bearing interest at 12%, and payable in three equal annual principal payments of P300,000. On this date, the bank's prime rate was 11%. The first payment for interest and principal was made on 1 September 2020. At 31 December 2020, J & J should record accrued interest payable of what amount?

On September 1, 2020, a company borrowed on a P5,400,000 note payable from a bank. The note bears interest at 12% and is payable in 3 equal annual principal payments of P1,800,000. On this date, the bank's prime rate was 11%. The first annual payment for interest and principal was made on September 1, 2021. On December 31, 2021, what amount should be reported as accrued interest payable?

Abardeen Corporation borrowed $136,000 from the bank on October 1, 2018. The note had an 7 percent annual rate of interest and matured on March 31, 2019. Interest and principal were paid in cash on the maturity date.   Required What amount of cash did Abardeen pay for interest in 2018? What amount of interest expense was recognized on the 2018 income statement? What amount of total liabilities was reported on the December 31, 2018, balance sheet? What total amount of cash was paid to the bank on March 31, 2019, for principal and interest? What amount of interest expense was reported on the 2019 income statement?

1-On 01.10.2019, the enterprise opened a time deposit account at Ziraat Bank with a maturity of 9 months, amounting to TL 500,000. The annual interest rate is 20% and the principal is transferred to the demand deposit account of the enterprise in the same bank together with the interest at the end of the maturity. (Financial statements will be prepared annually and the tax rate is 15%) . According to this, what is the amount of interest income corresponding to the current period as of the end of the period?    a) 20.000 TL  B) 60.000 TL  NS) 25.000 TL  D) 50,000 TL  TO) 75.000 TL

On January 10th a bank sold a P100,000 certificate of deposit to mature on March 10th and bear interest at 5%. If the buyer holds this certificate of deposit until its maturity date – how much do they receive on March 10th?

An investor invests the following amounts of money in banks account R18850 on 1 September 2019,R15575on 31 May 2021 and R19465 ON 1 FEBRUARY 2023.From 1 October 2021 up to 30 April 2023 an amount of R980 invested at the start of every month. From 1 July 2020 up to 31 March 2022 an amount of RX is invested at the end of each quarter. On 1 January 2019 the total present value of all the investments is R75998,34.If the interest rate is 8,75% per year, Calculate the value of X?

On August 31, 2023, an entity discounted with recourse a note at the bank at discount rate of 15%. The note was received from the customer on August 1, 2023 for 90 days with face amount of P9,000,000 and an interest rate of 12%.        The discounting transaction is accounted for as secured borrowing. The customer paid the note to the bank on October 30, 2023, the date of maturity.       4. What is the interest expense to be recognize on August 31, 2023?   Group of answer choices   90,000   51,750   231,750   270,000     The entry on October 30, 2023 will include Group of answer choices   Debit to notes receivable discounted P9,000,000   Debit to loans payable P9,038,250   Credit cash P9,000,000   Debit to loans payable P9,000,000