Find the simple interest. Principal Rate Time in Months $2000 4% 9 The simple interest is $ (Round to the nearest cent as needed.)

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 simple interest.
Principal Rate Time in Months
$2000 4% 9
The simple interest is $
(Round to the nearest cent as needed.)
Transcribed Image Text:Find the simple interest. Principal Rate Time in Months $2000 4% 9 The simple interest is $ (Round to the nearest cent as needed.)
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