A Six-Month Note Receivable for $6,000 at 13%,dated October 1,2017,has

question 62

Multiple Choice

A six-month note receivable for $6,000 at 13%,dated October 1,2017,has accrued interest revenue of ________ as of December 31,2017.(Round any intermediate calculations to two decimal places,and your final answer to the nearest dollar. )

• A)$780
• B)$390
• C)$195
• D)$98

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Definitions:

Charge Differential

The difference in electric charge between two points, which can drive a current or induce movement of charges towards equalization.

Capacitor

Electrical charge storage device. Also known as a condenser.

Step-Up Transformer

A transformer that induces a higher voltage in its secondary coil by using a larger number of windings than in the primary coil.

Ignition Coil

A component of the ignition system in vehicles that transforms low voltage into the high voltage required to spark the spark plugs.