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Find the simple interest earned.
$420 principal, 9% exact, 90 days
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- Jain Enterprises honors a short-term note payable. Principal on the note is $425,000, with an annual interest rate of 3.5%, due in 6 months. What journal entry is created when Jain honors the note?Marathon Peanuts converts a $130,000 account payable into a short-term note payable, with an annual interest rate of 6%, and payable in four months. How much interest will Marathon Peanuts owe at the end of four months? A. $2,600 B. $7,800 C. $137,800 D. $132,600Principal $12,000, Interest Rate 9%, Time 240 days (use ordinary interest) Partial payments: On 100th day, $5,800 On 180th day, $3,400 What is total interest cost?
- II.DIRECTION: Compute for the amount of interest for the following; 1. Principal or amount barrowed : Php 10, 000Interest rate : 10% per yearTime : 3 months 2. Principal or amount barrowed : Php 30, 000Interest rate : 6% per yearTime : 60 daysFind the principal if the interest earned is P1,800, the rate of interest is 9% and the term is 4 years.The principal represents an amount of money deposited in a savings account subject to compound interest at the given rate. Find how much money will be in the account after the given number of years (Assume 360 days in a year.), and how much interest was earned. A = PntP = A = PertY = n - 1Principal: $6500Rate: 7%Compounded: quarterlyTime: 4 years
- How much principal is needed to accumulate $46,640 in simple interest at 5.8 % for 8 years?Principal is $32,000 Interest Rate is 7% Time is 3 years Total Amount Owed (includes interest) _________?A debt of $39 comma 000 is repaid over 14 years with payments occurring monthly. Interest is 10% compounded semi dash annually. (a) What is the size of the periodic payment? (b) What is the outstanding principal after payment 139? (c) What is the interest paid on payment 140? (d) How much principal is repaid in payment 140? Do not use chat gpt. Thank you!
- Aubrey Daniel’s savings account has a principal of $5,725. It earns 4% interest compounded quarterly for 3 years. For the period indicated, calculate a) the amount and b) the compound interest.An interest in advance collected from an amount of ₱85,500 borrowed for 450 days and discount rate of 11.64% what is the proceeds?long term note payable for $100,000 pay back principal and 6% semi annual interest (annual interest compounded semi annually) 5 years on Jan 1 Year 6 I calculated the factor to be .74409 is that correct? Thank you Brenda
