Amos Real Estate Signed a Four-Month Note Payable in the Amount

question 47

Multiple Choice

Amos Real Estate signed a four-month note payable in the amount of $20,000 on September 1.The note requires interest at an annual rate of 9%.The amount of interest to be accrued at the end of September is:

• A)$600.
• B)$150.
• C)$1,800.
• D)$200.

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