Universal Travel, Incorporated borrowed $$505,000$ on November $1,2024,$ and signed a twelve$-$month note bearing interest at $6\%.$ Principal and interest are payable in full at maturity on October $31,2025.$ What is the amount of interest payable that should be reported by Universal Travel, Incorporated on December $31.2024?$

Multiple Choice

$$30,300$

$$5,050$

$$7,575$

$$25,250$