The interest charged on a ¥100,000,000 note payable, at the rate of 8%, on a 90-day note would be

Name: The interest charged on a ¥100,000,000 note payable, at the rate of 8%, on a 90-day note would be
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The interest on a note is calculated using the formula: Interest = Principal x Rate x Time. Here, the principal is ¥100,000,000, the rate is 8% (or 0.08), and the time is 90 days out of 365 days in a year. Thus, Interest = ¥100,000,000 x 0.08 x (90/365) = ¥2,000,000.

The Interest Charged on a ¥100,000,000 Note Payable, at the Rate