National Co
Subject:AccountingPrice:9.82 Bought3
National Co. borrowed Pi????? for Six months from the bank. The rate is prime plus 1 percent. The prime rate
was 8.5 percent at the beginning of the loan and changed to 9 percent after two months. This was the onlyr
change. HOW much interest must National Co. corporation pay? * Format: 'l.1'l1
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=4916.667
Step-by-step explanation
This question can be worked as shown below;
100000*.095*2/12+100000*.10*4/12 = 4916.667
=4917
