Calculating Actual Interest and Weighted Average Interest Rate Weighted average accumulated expenditures are 5400,000 on a project for which work steady progressed during the current year. The following debt was outstanding during the current year Construction loan $100.000 a 10% Note payable $500,000 at Mortgage payable $150,000 12 a. Compute the total actual interest expense for the current year. b. Compute the weighted average interest rate on the general debt. Enter the percent rounded to two digits after the decimal enter 2.04 for 2.044% or 2.05 for 2.045% Next Previous Save Answers