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artcher [175]
1 year ago
7

Norton loans a customer $500 on January 1. On July 1 of the same year, the customer must repay Norton $525. The amount of intere

st earned by Norton is $ .
Business
1 answer:
s2008m [1.1K]1 year ago
6 0

Norton loans a customer $500 on January 1. On July 1 of the same year, the customer must repay Norton $525. The amount of interest earned by Norton is <u>twenty-five</u> $.

Whilst you take out a loan–whether or not it is a scholar loan, private loan, vehicle loan, or mortgage–creditors earn money by way of charging you interest. interest is the price you pay for borrowing money from a lender. that means you won't just pay returned the money you borrowed.

APR is the once-a-year fee of a mortgage to a borrower — together with expenses. Like a hobby fee, the APR is expressed as a percent. unlike an interest charge, however, it consists of other expenses or prices which include loan coverage, most ultimate charges, cut price factors, and mortgage origination costs.

for example, the hobby on a $30,000, 36-month mortgage at 6% is $2,856. The equal loan ($30,000 at 6%) paid again over seventy-two months could fee $five,797 in the hobby.

Learn more about loans here: brainly.com/question/26011426

#SPJ4

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The explanation is shown below:-

Explanation:

The computation of cash flow from operating activities using the direct method is shown below:-

                               Direct method

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                          Statement of cash inflow

Cash flow from operating expenses

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Net cash inflow from operating

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