<span>The APR would be 20%. This would yield Sam $600 in a year, so he would earn $300 in six months as long as the interest was non compounding. The interest rate is multiplied by the amount of principal, and then multiplied by the amount of time. In this case the time is 6/12.</span>
I can probably drop two eggs two times.
Also I am sorry but I have no idea who you are, but welcome back!
Answer:
Total water required per year = 73,000 gallon
Explanation:
Given:
Number of showers = 4
Average showers use = 10 minutes
Flow rate = 5 gallon per minute
Find:
Total water required per year
Computation:
Total water required per year = Number of showers × Average showers use × Flow rate × 365
Total water required per year = 4 × 10 × 5 gallon × 365
Total water required per year = 73,000 gallon
The Office Of Federal Student Aid
Answer: See explanation
Explanation:
a. The Journal entries to record the issuance of the note will be:
Debit Accounts payable $10000
Credit Notes payable $10000
(To record the issuance of note to creditor)
b. The journal entry to record thehe payment of the note at maturity, including interest will be:
Debit Notes payable $10000
Debit Interest expense $125
Credit Cash $10000 + $125 = $10125
(To record the payment on the note on maturity.
Note:
Interest expense = $10000 × 5% × 90/360
= $10000 × 0.05 × 0.25
= $125
