Jacobs Company borrowed 100,000 at 8 percent interest for three months. How much interest does the company owe at the end of three months?
a. $8,000
b. $2,000
c. $800
d. $200
Answer: B
Jacobs Company borrowed 100,000 at 8 percent interest for three months. How much interest does the company owe at the end of three months?
a. $8,000
b. $2,000
c. $800
d. $200
If the answers is incorrect or not given, you can answer the above question in the comment box. If the answers is incorrect or not given, you can answer the above question in the comment box.