00:04
To determine the due date and amount of interest due at maturity on the given roots.
00:09
So to determine the due date and the amount of interest you at maturity on the given notes, so we can use the following formula interest equals to principal into interest rate into time principal into interest rate into time.
01:13
The due date equals to date of note as term of note.
01:54
So given that there are 360 days in a year.
01:57
We will use this as the basis for our calculation.
02:02
So a january 15 january 15 dollar 25 ,000 it's person 30 days.
02:17
It's person 30 days.
02:20
Oh interest equals to dollar 25 ,000 to 0 .06 into 13 in 6.
02:39
To follow 500 due date equals to january 15.
02:51
That's 30 days equals to february 14 interest.
03:10
You are due date equals to dollar 500.
03:28
So these april 1 april 1 dollar 13 ,500 4 % dollar 13 ,500 4 % 90 days interest equals to 0 .04 into 90 by 360 dollar 135 the due date equals to april 1 plus 90 days equals to june 30 interest...