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jmchmom6066
29.08.2020 •
Business
On October 1, Hill Corporation signed a 6-month note with principal of $10,000 and interest of $600 due in six months. The stated rate of interest on the note is
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Ответ:
the stated interest rate on the note is 12%
Explanation:
The computation of the stated rate of interest on the note is shown below:
= Interest ÷ Principal amount
= $600 ÷ $10,000
= 0.06
Since it is of six months but we have to determine annually
So we should multiplied it by 2
Like this
= 0.06 × 2
= 12%
hence, the stated interest rate on the note is 12%
Ответ:
trump MERICA sum b|tch yee yee
Explanation: