West Company borrowed $38,000 on September 1, Year 1 from the Valley Bank. West agreed to pay interest annually at the rate of 9

Question

3 years ago

15

West Company borrowed $38,000 on September 1, Year 1 from the Valley Bank. West agreed to pay interest annually at the rate of 9

% per year. The note issued by West carried an 18-month term. Based on this information the amount of interest expense appearing on West's Year 1 income statement would be:

Mathematics

1 answer:

photoshop1234 [79] · Answer 1 · 2022-02-03T04:05:40+03:00

photoshop1234 [79]3 years ago

7 0

Answer:

In this problem u have to use the equation I=PRT

Step-by-step explanation: