A $49,000,three-Month,12% Note Payable Was Issued on December 1,2017

question 72

Multiple Choice

A $49,000,three-month,12% note payable was issued on December 1,2017.What is the amount of accrued interest on December 31,2017?

• A)$490
• B)$708
• C)$354
• D)$823

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Definitions:

Inequality

The unequal distribution of income, wealth, opportunities, and other economic variables within a society.

Countries

Geographically and politically defined areas, recognized as distinct entities in political geography.

Income Inequality

The uneven distribution of income within a population, often leading to social and economic issues.

India

A country in South Asia, known for its vast diversity in cultures, languages, and religions, and as the world's largest democracy.