Maggie sharrer company borrows $88,500 on september 1, 2022, from sandwich state bank by signing an $88,500, 12%, one-year note. what is the accrued interest at december 31, 2022?

The accrued interest at December 31, 2022 amounts to $3,540

Explanation:

Accrued Interest = Amount borrowed × rate × Number of months/ 12

where

amount borrowed is $88,500

rate is 12%

= $88,500 × 12% × 4/12

= $3,540

The accrued interest for one year note is $3,540

Note: Number of months from September to December will be 4 months that is September, October, November and December.

answer; ///i believe that the correct answer is (a) it is the means by which a person earns money;

i'ts proportional. if the inflation rate is 12% for example, the cpi will be 12% less.

hope it ,

bioteacher101