rivision13.8/ 30 June 20×2 a company had $1m 8% loan notes in issue, interest being paid half-yearly on 30 June and 31 December. on 30 September 20×2 the company redeemed $250,000 of these loan notes at par, paying interes due to that date. On 1 April 20X3 the company issued $500,000 7% loan notes, interest payable half-yearly 31 March and 30 September. what figure should appear in the company’s statement of profit or loss for interest payable in the year ended 30 June 20X3? A $88,750 B $82,500 C $65,000 D $73,750 The answer is D. July-September (1,000,000× 8% x 3/12)=20,000 October-March (750.000× 8% × 6/12)=30,000 April-June ( 750,000 ×8% × 3/12 )=15,000 (500,000 x 7% x 3/12)=8,750 *Total interest payable in S.P/L=73.750 #anyone explain the answer please , # & why we added 500 with 250 ?