Compute the Amount of Interest Owed on a 3-Month,7 Percent

question 54

Essay

Compute the amount of interest owed on a 3-month,7 percent note for $12,000.

---

Definitions:

Industrial Products Salesperson

A professional responsible for selling goods and services used in manufacturing or industrial processes.

Aluminum Cans

Lightweight, durable containers made from aluminum, commonly used for packaging beverages and food products because of their recyclability.

Account Representative

A professional responsible for managing and maintaining the relationship between a company and its clients or customers.

Sales Engineer

A professional who sells complex scientific and technological products or services, often requiring specialized knowledge.