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Q: How much interest will accrue on a \$20,000 face value, 60-day note that bears interest at 9 percent a year?
A: \$300 Interest for the whole year is \$1800 (20,000 x 9%) so interest per month is \$150 (1800/12). 60 days note, you earn 2 months interest (\$150 x 2) \$300
Original conversation
User: How much interest will accrue on a \$20,000 face value, 60-day note that bears interest at 9 percent a year?

Weegy: \$300 Interest for the whole year is \$1800 (20,000 x 9%) so interest per month is \$150 (1800/12). 60 days note, you earn 2 months interest (\$150 x 2) \$300
Butterflybaby|Points 527|

User: On March 1, a firm purchased equipment for \$5,000, signing a 30-day note bearing interest at 12 percent a year. The entry to record the payment of the amount due on March 31 will include a debit to Notes Payable for

User: On March 1, a firm purchased equipment for \$5,000, signing a 30-day note bearing interest at 12 percent a year. The entry to record the payment of the amount due on March 31 will include a debit to Notes Payable for what?

Weegy: Sorry this question is really tough, You need some expert to answer your question.

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