# Computing amounts

Compute the missing amount for each of the following notes:

Principal Annual Interest Rate Time Total Interest

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(a) $10,000 10% 2.5 years ?

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(b) $120,000 ? 9 months $10,800

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(c) ? 10% 90 days $1,000

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(d) $40,000 9% ? $1,200

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https://brainmass.com/business/accounting/computing-amounts-90834

#### Solution Preview

Annual Interest Rate was assumed Compounded monthly!

Principal Annual Interest Rate Time Total Interest ...

#### Solution Summary

The expert computes the missing amount for each notes.

$2.19