​Saturn, Inc. signed a oneminus year $ 12 comma 000 note payable at 8 ​% interest on March​ 1, 2017. How much interest expense must be accrued on May​ 31, 2017?​ (Round any intermediate calculations to two decimal​ places, and your final answer to the nearest whole​ number.)

Respuesta :

Answer:

Interest expense for 12 months = 0.08*12,000=960

March 1 to May 31= 3 months

Interest expense accrued = 960*3/12=240

Explanation: