(a) If the interest on a note is $800, the interest rate is 6%, and the time is 60 days, what is the principal? (Assume 360 days in a year)
(b) If the principal of a note is $24,000, the interest is $600, and the time is 60 days, whatis the interest rte? (Assume 360 days in a year)

Question

(a) If the interest on a note is $800, the interest rate is 6%, and the time is 60 days, what is the principal? (Assume 360 days in a year) 
(b) If the principal of a note is $24,000, the interest is $600, and the time is 60 days, whatis the interest rte? (Assume 360 days in a year)

Quizplus · Accepted Answer

The Answer of (a) If the interest on a note is $800, the interest rate is 6%, and the time is 60 days, what is the principal? (Assume 360 days in a year) 
(b) If the principal of a note is $24,000, the interest is $600, and the time is 60 days, whatis the interest rte? (Assume 360 days in a year)

(A) If the Interest on a Note Is $800, the Interest