On 1 March, Hinkle Ltd borrowed $4000 at 10% simple interest for 3 years. Calculate the amount
Question:
On 1 March, Hinkle Ltd borrowed $4000 at 10% simple interest for 3 years. Calculate the amount of interest payable over the 3 years.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 60% (10 reviews)
Step 1 Calculate the interest rate per year Interest rate per ...View the full answer
Answered By
Hande Dereli
Enthusiastic tutor, skilled in ACT and SAT tutoring. Raised one student's score on the SATs from 1100 combined to 1400. Graduated with a 3.9 GPA from Davidson College and led a popular peer tutoring group for three years. Scored in the top 0.06% in the nation on the SATs. The real reason I'm the one to help you nail the test? Results. Clients invariably praise my ability to listen and communicate in a low-stress, fun way. I think it's that great interaction that lets me raise retest SAT scores an average of 300 points.
0.00
0 Reviews
10+ Question Solved
Related Book For
Financial Accounting
ISBN: 9781118608203
9th Edition
Authors: John Hoggett, Lew Edwards, John Medlin, Keryn Chalmers, Jodie Maxfield, Andreas Hellmann, Claire Beattie
Question Posted:
Students also viewed these Business questions
-
Calculate the amount of CGT payable for 2019/20 by each of the following individuals. In each case, taxable income comprises the individuals total income, less reliefs which may be deducted from...
-
Calculate the amount of iron (weight percent) to the nearest whole percent in each of the following iron minerals: Magnetite (Fe3O4), hematite (Fe2O3), goethite [FeO(OH)], and siderite (FeCO3).
-
Calculate the amount of work input a refrigerator needs to make ice cubes out of a tray of 0.25 kg liquid water at 10oC. Assume the refrigerator has = 3.5 and a motor-compressor of 750 W. How much...
-
The operations manager of a company that produces frozen dinners had received numerous complaints from supermarkets about the companys Chick-n-Gravy dinners. The manager spilled/mixed items,...
-
Elegant Homes Corporation provided the following statement of net income on December 31, 2017, before the disposal of a business segment. The income statement includes the results of operations of...
-
Suppose the own price elasticity of demand for good X is 2, its income elasticity is 3, its advertising elasticity is 4, and the cross-price elasticity of demand between it and good Y is 6....
-
At the end of 2010, Zeman, Corp., had total assets of $25 million and total liabilities of $13 million. Included in the assets were property, plant, and equipment with a cost of $9 million and...
-
Thomas McGrath was a partner in the law firm Tarbenson, Thatcher, McGrath, Treadwell & Schoonmaker. One day, at approximately 4:30 p. m., McGrath went to a restaurant cocktail establishment in...
-
Refer to the graph below to find the component form of e + g. 54 e g 45 <6,3> <0,0> O <6,-3>
-
Regis Place is a health-care facility that has been allocating its overhead costs to patients based on number of patient days. The facilitys overhead costs total $3,620,400 per year and the facility...
-
Using table A.1, calculate the following future values: 1. $10 000 invested at 8% for 5 years, compounded yearly 2. $10 000 invested at 8% for 5 years, compounded half-yearly 3. $10 000 invested at...
-
In groups of three, obtain the latest statement of cash flows for a company (other than JB Hi-Fi Limited). Financial reports are available from company websites, and usually from internet sites...
-
In Exercises the graph of y = (x) is shown with four of its Maclaurin polynomials. Identify the Maclaurin polynomials and use a graphing utility to confirm your results. -2 2 -1 v = In (x2 + 1) 1 + X...
-
PharmaOne Inc. is a private company that operates a chain of 3 0 drug stores in Western Canada. PharmaOne is considering upgrading the software in its pharmacies to allow doctors offices to transmit...
-
Simon Company's year-end balance sheets follow. At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity...
-
Apply topological sorting algorithm 7 5 6 4 2 3 1 0
-
Robert Lim is the administrator of his fathers estate who passed away on 1 5 November 2 0 1 8 . His father owned a bungalow house with land in the vicinity of Bangsar which he bought on 7 December 2...
-
This discussion assignment requires reading the Zenith case in the HBS Coursepack. In the case, Zenith's decisionmakers must decide what, if any, marketing research should be conducted as it prepares...
-
Prove that for all complex numbers z1, z2, and z3, z1z2 = z2z1
-
Find the inverse, if it exists, for the matrix. -1
-
What is the nuclear fuel of the nuclear industry?
-
What is the distinction between comparability and consistency?
-
Stallman Company took a physical inventory on December 31 and determined that goods costing $200,000 were on hand. Not included in the physical count were $25,000 of goods purchased from Pelzer...
-
A large cruise ship of mass 6.20 x 107 kg has a speed of 10.8 m/s at some instant. (a) What is the ship's kinetic energy at this time? J (b) How much work is required to stop it? (Give the work done...
-
A tennis ball on Mars, where the acceleration due to gravity is 0.379g and air resistance is negligible, is hit directly upward and returns to the same level 9.20 s later. How high above its original...
-
The Merlin rocket engines developed by SpaceX can produce 7.41 x 105 N of instantaneous thrust with an exhaust speed of 3.05 x 103 m/s in vacuum. What mass of fuel does the engine burn each second to...
Study smarter with the SolutionInn App