Atable of notes receivable for 2018 follows:

for each of the notes receivable, compute the amount of interest revenue earned during
2018.

round to the nearest dollar. (use a 365 -day year for the notes with interest periods in days and a 12-month year for notes with interest periods in months.)
note 1

note 2

note 3

note 4

principal

interest rate

interest period during 2018

note 1

$30,000

4%

3

months

note 2

16,000

8%

90

days

note 3

18,000

10%

180

days

note 4

150,000

12%

6

months