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What is the journal entry if someone borrowed cash from you with an interest of 6 percent per month?
Wiki User
∙ 9y ago
Debit short term loan
Credit cash / bank
Wiki User
∙ 9y ago
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How do you solve interest rate math problems?
First you figure out the Principal, then you find the interest rate and then find the Time someone gave you to pay back loaned or borrowed money.Formula: Simple Interest= Principal*Rate*TimeExample: Principal-$25,000 Interest Rate- 6.25 simple interest- 6 years$25,000 x .0625 x 6= $9375!
What percent of 80 is 60?
80 percent of 60 = 48
Does someone survive an ejection fraction of less than 5 percent?
No
How you can hack tibiame character someone for free and 100 percent working?
entah
What is 86 percent of 1500?
1500*.86= 1290 Someone's very lazy!
What are the advantages of borrowing?
If someone borrows your money, you can charge them interest depending on how much they borrowed, and how long it takes them to pay it back.
Why do banks pay their customer interest on the money in their savings account?
The bank charged interest when it loaned that money to someone else. So in return, the banks pay their customers interest on the money they borrowed from their savings accounts.
Why do banks pay their customers interest in the money in their savings accounts?
The bank charged interest when it loaned that money to someone else. So in return, the banks pay their customers interest on the money they borrowed from their savings accounts.
Why do banks pay their customers interest on the money in their savings accounts?
The bank charged interest when it loaned that money to someone else. So in return, the banks pay their customers interest on the money they borrowed from their savings accounts.
What does a bank charge you when you borrow money from it?
When you borrow money from a bank, you are charged interest. interest is a fee for the use of someone else's mony and is usually a percentage of the amount of money borrowed. It is charged and paid each month, week, or day on the amount of borrowed money that has not yet been repaid.
Why do banks pay their customers interests on the money in their savings accounts?
The bank charged interest when it loaned that money to someone else. So in return, the banks pay their customers interest on the money they borrowed from their savings accounts.
Want do the word usury means?
I believe usury means taking interest on money that is lent to someone. In the Islamic faith, this is not allowed, for many reasons and the profit from interest is money obtained by evil means. If you lend someone money you should only take back from that person what he borrowed and no more.
How do you do interest rate problems?
First you figure out the Principal, then you find the interest rate and then find the Time someone gave you to pay back loaned or borrowed money.Formula: Simple Interest= Principal*Rate*TimeExample: Principal-$25,000 Interest Rate- 6.25 simple interest- 6 years$25,000 x .0625 x 6= $9375!
How do you solve interest rate math problems?
First you figure out the Principal, then you find the interest rate and then find the Time someone gave you to pay back loaned or borrowed money.Formula: Simple Interest= Principal*Rate*TimeExample: Principal-$25,000 Interest Rate- 6.25 simple interest- 6 years$25,000 x .0625 x 6= $9375!
How can you publish your own theory?
You can send it to a journal that publishes in your area of interest. But first have it looked at by someone who is expert in the field. Alternatively, just make a website and put it online.
What is Best definition of interest?
The noun 'interest' is a word for a desire to know or learn; a right, title, or legal share of something; a charge for borrowed money or the profit made on invested capital.Example: "I have great interest in meeting the needs of my family"The verb 'interest' is to excite the curiosity or attention of someone or something.Example: "I have some books that should interestyou."
What is the best definition interest?
The noun 'interest' is a word for a desire to know or learn; a right, title, or legal share of something; a charge for borrowed money or the profit made on invested capital.Example: "I have great interest in meeting the needs of my family"The verb 'interest' is to excite the curiosity or attention of someone or something.Example: "I have some books that should interestyou."
