Coronado industries accepts from gates stores a $6,800, 4-month, 8% note dated may 31 in settlement of gates' overdue account. the maturity date of the note is september 30. calculate the interest payable at maturity. (round answer to 0 decimal places,

e. g. $155.) interest payable at maturity $enter the interest payable at maturity in dollars rounded to 0 decimal places

Interest =  $ 181.333

Explanation:

Coronado industries

$6,800, 4-month, 8% note

Interest= Principal of the interest * annual Interest rate* time in years

Interest= $ 6,800* 8% * 4/12

Interest = $ 6,800* 0.08 *1/3= $ 181.333

The rate of interest on a note is the rate charged for the use of the principal for one year.to simplify interest computation a year is commonly treated as having 360 days ( called the banker's rule).

Interest= Principal of the interest * annual Interest rate* time in years

Interest= $ 6,800* 8% * 4/12

Interest = $ 6,800* 0.08 *120/360= $ 181.333

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the staff is a set of five horizontal lines and four spaces which represent a different musical pitch. the lines and the spaces are numbered from bottom to top, the bottom line is the first line and the fifth line is the line on the top. the notes on the top of the staff (fifth line) have a higher pitch than a note at the bottom of the staff.