On May 15, Kingbird Clothiers borrowed some money on a 4-month note to provide cash during the slow season of the year. The interest rate on the note was 8%. At the time the note was due, the amount of interest owed was $520.

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On May 15, Kingbird Clothiers borrowed some money on a 4-month note to provide cash during the slow season of the year. The interest rate on the note was 8%. At the time the note was due, the amount of interest owed was $520.

How do I caculate amount borrowed?

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On May 15, Kingbird Clothiers borrowed some money on a 4-month note to provide cash during the slow season of the year. The interest rate on the note was 8%. At the time the note was due, the amount of interest owed was $520.

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On May 15, Kingbird Clothiers borrowed some money on a 4-month note to provide cash during the slow season of the year. The interest rate on the note was 8%. At the time the note was due, the amount of interest owed was $520.

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On May 15, Metlock Clothiers borrowed some money on a 4-month note to provide cash during the slow season of the ye...

Borrowing of RM72,000 was made on 1 January 2016 for a payback period of 6 years. Interest charged was 4% per annum on borrowed amount.??

On May 15, Kingbird Clothiers borrowed some money on a 4-month note to provide cash during the slow season of the year. The interest rate on the note was 8%. At the time the note was due, the amount of interest owed was $520.

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Add Answer to: On May 15, Kingbird Clothiers borrowed some money on a 4-month note to provide cash during the slow season of the year. The interest rate on the note was 8%. At the time the note was due, the amount of interest owed was $520.

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On May 15, Metlock Clothiers borrowed some money on a 4-month note to provide cash during the slow season of the ye...

Borrowing of RM72,000 was made on 1 January 2016 for a payback period of 6 years. Interest charged was 4% per annum on borrowed amount.??

Add Answer to:
On May 15, Kingbird Clothiers borrowed some money on a 4-month note to provide cash during the slow season of the year. The interest rate on the note was 8%. At the time the note was due, the amount of interest owed was $520.