On September 1,2013,Adirondac Marine Supplies made a loan to one of its customers.The customer signed a 6-month note for $1,500 at 10%.How much interest revenue did Adirondac earn over the life of the note?

Name: On September 1,2013,Adirondac Marine Supplies made a loan to one of its customers.The customer signed a 6-month note for $1,500 at 10%.How much interest revenue did Adirondac earn over the life of the note?
Brand: Quizplus
Rating: 4.9 (54 reviews)

Question

Quizplus · Accepted Answer

B) Calculations: ($1,500 × 10%) × 6/12 = $75

On September 1,2013,Adirondac Marine Supplies Made a Loan to One