The Interest Charged on a ¥200,000,000 Note Payable, at the Rate

question 114

Multiple Choice

The interest charged on a ¥200,000,000 note payable, at the rate of 8%, on a 3-month note would be

• A)¥16,000,000.
• B)¥8,000,000.
• C)¥4,000,000.
• D)¥2,667,000.

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