To find interest payment

Accounting
Tutor: None Selected Time limit: 1 Day

A company signed a $6,000, 90 days, 5% note payable on December 1. What amount of interest should be accrued on December 31? 

A. $300 

C. $725 

B. $25 

D. $3,825 

Jun 20th, 2015

Thank you for the opportunity to help you with your question!

$6000(1+0.05/3)^3 *1

$300.............answer

Please let me know if you need any clarification. I'm always happy to answer your questions.
Jun 20th, 2015

Thank you! :)

Jun 20th, 2015

welcome

Jun 20th, 2015

why have given you given me a negative reviews

Jun 20th, 2015

no. I didn't. I give a "perfect!" for comment

Jun 20th, 2015

Are you studying on the go? Check out our FREE app and post questions on the fly!
Download on the
App Store
...
Jun 20th, 2015
...
Jun 20th, 2015
Dec 9th, 2016
check_circle
Mark as Final Answer
check_circle
Unmark as Final Answer
check_circle
Final Answer

Secure Information

Content will be erased after question is completed.

check_circle
Final Answer