{"id":24370,"date":"2025-08-13T17:45:54","date_gmt":"2025-08-13T17:45:54","guid":{"rendered":"https:\/\/certifeka-edu.com\/programs\/finance-for-strategic-managers-accounting-professional-certificate\/lessons\/lesson-6-computing-interest\/"},"modified":"2025-08-28T16:04:30","modified_gmt":"2025-08-28T16:04:30","slug":"lesson-6-computing-interest","status":"publish","type":"lesson","link":"https:\/\/certifeka-edu.com\/ar\/programs\/finance-for-strategic-managers-accounting-professional-certificate\/lessons\/lesson-6-computing-interest\/","title":{"rendered":"Lesson 6: Computing Interest"},"content":{"rendered":"<div data-elementor-type=\"wp-post\" data-elementor-id=\"24370\" class=\"elementor elementor-24370\" wpc-filter-elementor-widget=\"1\">\n\t\t\t\t<div class=\"elementor-element elementor-element-0730bd7 e-con-full e-flex e-con e-parent\" data-id=\"0730bd7\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t<div class=\"elementor-element elementor-element-8e2c8d3 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\/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-7607dc2 e-con-full e-flex e-con e-child\" data-id=\"7607dc2\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-714823d exad-sticky-section-no exad-glass-effect-no elementor-widget elementor-widget-heading\" data-id=\"714823d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Lesson 6: Understanding Account receivables\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-29b5e30 e-flex e-con-boxed e-con e-parent\" data-id=\"29b5e30\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-f021fc0 exad-sticky-section-no exad-glass-effect-no elementor-widget elementor-widget-heading\" data-id=\"f021fc0\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Computing Interest: basic formula\n\n<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-772b21a exad-sticky-section-no exad-glass-effect-no elementor-widget elementor-widget-image\" data-id=\"772b21a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"489\" height=\"89\" src=\"https:\/\/certifeka-edu.com\/wp-content\/uploads\/2025\/08\/basic-formula1.png\" class=\"attachment-large size-large wp-image-29393\" alt=\"\" srcset=\"https:\/\/certifeka-edu.com\/wp-content\/uploads\/2025\/08\/basic-formula1.png 489w, https:\/\/certifeka-edu.com\/wp-content\/uploads\/2025\/08\/basic-formula1-300x55.png 300w, https:\/\/certifeka-edu.com\/wp-content\/uploads\/2025\/08\/basic-formula1-18x3.png 18w, https:\/\/certifeka-edu.com\/wp-content\/uploads\/2025\/08\/basic-formula1-220x40.png 220w\" sizes=\"(max-width: 489px) 100vw, 489px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b7c182d exad-sticky-section-no exad-glass-effect-no elementor-widget elementor-widget-text-editor\" data-id=\"b7c182d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h5><span style=\"color: #000080;\">The interest rate specified in a note is an annual rate of interest.<\/span><\/h5><h5><span style=\"color: #000080;\">When the maturity date is stated in days, the time factor is often the number of days divided by 360 or 365.<\/span><\/h5><h5><span style=\"color: #000080;\">When the due date is stated in months, the time factor is the number of months divided by 12<\/span><\/h5><div>\u00a0<\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-02059d1 exad-sticky-section-no exad-glass-effect-no elementor-widget elementor-widget-image\" data-id=\"02059d1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"660\" height=\"127\" src=\"https:\/\/certifeka-edu.com\/wp-content\/uploads\/2025\/08\/basic-formula2-1024x197.jpg\" class=\"attachment-large size-large wp-image-29394\" alt=\"\" srcset=\"https:\/\/certifeka-edu.com\/wp-content\/uploads\/2025\/08\/basic-formula2-1024x197.jpg 1024w, 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