Answer:
Explanation:
If 112% interest of bond amount = $27,498,250
∴ 100% principal amount = 27,498,250 X 100/112 = $24,552,008.93
10% bond interest = $24,552,008.93 X 0.10 = $2,455,200.89
Between October 2018 and August 2019, it amounts = $2,455,200.09 X 11 = $27,007,209.82
The amount accrued up to September 2019 = $(27,007,209.82 + 27,498,250) = $54,505,459.82
From October 2019 to August 2020, it will amount = $(27,007,209.82 + 54,505,459.82) = $81,512669.64
The amount accrued up to September 2020 = $(81,512,669.64 + 27,498,250) = $109,010,919.64
