The interest payable at the time period indicated will be $3000.
<h3>How to calculate the interest?</h3>
From the information given, the interest payable will be:
= Note value × Interest time × Time period
= $100000 × 9% × 4/12
= $100000 × 0.09 × 1/3
= $3000
In conclusion, the interest payable at the time period indicated will be $3000.
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Answer:
A $13,250.00
Explanation:
The formula for calculating balance at the end of a period using simple interest is as below.
A = P(1+rt)
A = final amount
P= principal amount which is $12500
r= interest rate 6% or 0.06
t = time which is 1 year
A = $12,500(1+0.06 x 1)
A = $12500 x1.06 x 1
=$12500 x 1.06
=$13,250
An example of inferior goods
Answer:
$1,512,000
Explanation:
The computation of the depletion expense is shown below:
= (Purchase value of mineral mine - the estimated value of the property + development costs) ÷ estimated tons × number of tons sold
= ($5,100,000 - $300,000 + $1,500,000) ÷ 2,000,000 tons × 480,000 tons
= $1,512,000
Simply we deduct the estimated value of the property and added the development cost to the purchase value of mineral mine and then do the proportionate so that the accurate value can come