Answer:
Interest accrued for the notes:
Nissim: $ 201,21
Klein: $ 40.08
Bilderseet: $ 52.60
Step-by-step explanation:
interest are calcualte as follows:
principal x rate x time = interest
we must always express rate and time in the same metric, in this case days over a 365 days year
Nissim: time from 11/21/2012 to 12/31/2012 = 51 days
18,000 x 8% x 51/365 = 201,2054
Klein time from 12/13/2012 to 12/31/2012 = 19 days
11,000 x 7% x 19/365 = 40,08219
Bilderseet time from 12/19/2012 to 12/31/2013 = 12 days
16,000 x 10% x 12/365 = 52,6027