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On April 30,2018, Seattle First National Bank loaned $ 100 comma 000 to Pugliese Produce,Inc.,...

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Accounting

On April 30,2018, Seattle First National Bank loaned $ 100 comma 000 to Pugliese Produce,Inc., on a one-year, 8 percent note.
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Part 1
Requirement 1. Compute the interest on the note for the years ended December31,2018, and December 312019. Round interest calculations to the nearest dollar.
Start by determining the formula needed to compute interest.
x
x
=
Amount of interest

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