Respuesta :
The amount of interest expense accrued on December 31 on the note is $ 83.33.
The interest charge components, we get the interest fee, that's the percentage of the major amount, charged by using the lender or financial institution to the borrower for using its belongings or money for a specific term. The hobby charge method is interest price = (easy hobby × one hundred)/(important × Time).
Amount (A) is the whole money paid returned on the giving up of the time period for which it was borrowed. the entire amount formulation in the case of easy hobby can also be written as: A = P(1 + RT) right here, A = general amount after the given time period.
Interest is the charge you pay for borrowing cash from a lender. that means you won't simply pay again the money you borrowed. you may additionally pay a lower back an additional sum, that is the interest on the mortgage. creditors take distinct strategies to charge interest.
Interest expense accrued as on 31 December
= note payable amount × interest rate × 30/360
= $25000 × 4% × 30/360
= $ 83.33
Learn more about the amount of interest here:-https://brainly.com/question/25845758
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