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Issued a $4000 Note Receivable for 3 months 10 interest. Calculate .pdf

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Issued a $4000 Note Receivable for 3 months 10% interest. Calculate monthly interest. Solution Monthly interest is the interest earned on the note receivable as per the agreed conditions. The formula of monthly interest is, principal amount * interest rate *( given months÷12) =$4000 × (10/100) × (3/12) =$100 Therefore, the monthly interest = $100.

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Issued a $4000 Note Receivable for 3 months 10% interest. Calculate monthly interest. Solution Monthly interest is the interest earned on the note receivable as per the agreed conditions. The formula of monthly interest is, principal amount * interest rate *( given months÷12) =$4000 × (10/100) × (3/12) =$100 Therefore, the monthly interest = $100

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  • 1. Issued a $4000 Note Receivable for 3 months 10% interest. Calculate monthly interest. Solution Monthly interest is the interest earned on the note receivable as per the agreed conditions. The formula of monthly interest is, principal amount * interest rate *( given months÷12) =$4000 × (10/100) × (3/12) =$100 Therefore, the monthly interest = $100