Find the amount (in $) of interest on the loan. Principal $90,000 Rate (%) m/+ Time 9 months LA Interest

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter12: Current Liabilities
Section: Chapter Questions
Problem 15MC: Marathon Peanuts converts a $130,000 account payable into a short-term note payable, with an annual...
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Find the amount (in $) of interest on the loan.
Principal
$90,000
Rate (%)
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53³3
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Time
9 months
S
Interest
Transcribed Image Text:Find the amount (in $) of interest on the loan. Principal $90,000 Rate (%) Need Help? Submit Answer 53³3 Read It Time 9 months S Interest
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