Parts Of Simple Interest Promissory Notes

Parts of simple interest promissory notes

Answer:

Calculating Simple Interest

If your loan is for a period of years, multiply the product of principal times interest by the number of years. … For example, for a nine-month promissory note, divide 9 by 12 (the number of months in a year) to equal 0.75. Multiply 750 by 0.75 to equal 562.50.

Step-by-step explanation:

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