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Accountancy problem

  • 10-09-2007 8:34pm
    #1
    Tuffinho_LFC
    Closed Accounts Posts: 27 ✭


    It would be much appreciated if someone could work this out for me, Ive tryed nearly half an hour but still no luck.

    well its part of an accumlated fund where I have to find the loan interest due and I know the answer is 300.well here is the info that is needed Repayment of 12,000 loan on 31/12/2004 together with 1 and 1 quarter years interest.The amount payed was 13500, I think the beginning of it is 13500-12000=1500 but I dunno where to go from there.Once again It would b appreciated if someone could get the answer and show hows its done.:D

    Annoying the head off me now lol.


Comments

  • #2
    Tuffinho_LFC
    Closed Accounts Posts: 27 ✭Tuffinho_LFC


    Anyone pleaseeee.:(


  • #3
    harmankardon
    Closed Accounts Posts: 61 ✭✭harmankardon


    1500 is total interest but 4/5's of it is relievent to the previous year so that only leaves 1/5 on the current year so thatsw hy its only 300 if ya get me as 12oo would be recorded on the previous years


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