Question: On what date was a $1000 loan granted if the interest accrued as at November 16, 2011, was $50.05? The interest rate on the loan

On what date was a $1000 loan granted if the interest accrued as at November 16, 2011, was $50.05? The interest rate on the loan was 7 1/4 %.

Step by Step Solution

★★★★★

3.37 Rating (166 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

Term Year 0690345 365 days 252 days ... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Document Format (1 attachment)

Word file Icon

711-B-A-C-I (866).docx

120 KBs Word File

Students Have Also Explored These Related Accounting Questions!

Q:

On June 26, 2011, $1000 was borrowed at an interest rate of 10 %. On what date was the loan repaid if the amount of accrued interest was $63.91?

Q:

The $1000 principal amount of a loan was repaid on March 13, 2011, along with accrued interest in the amount of $49.42. If the interest rate on the loan was 11%, on what date was the loan advanced?

Q:

A loan of $3300 at 9 % simple interest was made on March 27. On what date was it repaid if the interest cost was $137.99?

Q:

On what date was a $1000 loan granted if the interest accrued as at November 16, 2011, was $50.05? The interest rate on the loan was 7 1/4 %.

Q:

The interest rate on $27,000 borrowed on October 16, 2016 was 8.7%. How much interest will be owed on the April 15, 2017 repayment date? On what date was a $1000 loan granted if the interest accrued...

Q:

On what date was a $1000 loan granted if the interest accrued as of November 16, 2016 was $50.05? The interest rate on the loan was 7.25%.

Q:

Question 1 35 marks Go Green Ltd is a company situated in East London. The company produces and sells dual energy (electricity and solar energy) products and appliances. The company was incorporated...

Q:

Create a Financial analysis for the company: Roya Bank Of Canada by using the annual report. - introduce the companys year by a short paragraph ( or sentence) - state the ratios you would like to...

Q:

Use the "CCC10" Excel template to complete the accounting requirements for Cookie Creations in chapter 10 of the textbook. Work with your team to determine the correct answers. One person should...

Q:

C++ Programming. Please answer all. Please use LOOP only. Thank you very much. Please note that this is the only information available. No additional information given. Please look at the examples...

Q:

The Red Blast Company uses the visual inspection method for completing the statement of cash flows. The following information relates to the Red Blast Company: Increase in accounts receivable...

Q:

Identify and justify economic and fiscal policy measures that should be taken by the sultanate of Oman to combat inflation and unemployment of the country based on the following: 1-Expansionary...

Q:

Which one of the following is a political risk to the assets and cash flows of MNCs ? Question 1 6 options: 1 ) Enactment of new taxation 2 ) Exchange rate fluctuation 3 ) A change in the MNC ' s...

Q:

Rent paid on 1 October 19X2 for the year to 30 September 19X3 was $1,200 and rent paid on 1 October 19X3 for the year to 30 September 19X4 was $1,600. Rent payable, as shown in the income statement...

Q:

Evaluate each of the following. $1000(1 + 0.02) 3

Q:

The following fractions and mixed numbers have repeating decimal equivalent forms. Express their decimal and percent equivalent forms in the repeating decimal notation. Show just the minimum number...

Q:

The following fractions and mixed numbers have repeating decimal equivalent forms. Express their decimal and percent equivalent forms in the repeating decimal notation. Show just the minimum number...

Q:

A samplemean, samplesize, population standarddeviation, and confidence level are provided. Use this information to complete parts(a) through(c) below. x=53, n=15, =7, confidence level=99% a. Use...

Q:

Sandhill Co . had the following assets on January 1 , 2 0 2 5 . During 2 0 2 5 , each of the assets was removed from service. The machinery was retired on January 1 . The forklift was sold on June 3...

Q:

The laast time this got answered it was answered with gallons and it looked copied and pasted. Pleasea help. Liquid ethanol is pumped from a large storage tank through a 2.00 - inch ID pipe at a rate...