A $37,000,three-Month,11% Note Payable Was Issued on December 1,2017

question 171

Multiple Choice

A $37,000,three-month,11% note payable was issued on December 1,2017.What is the amount of accrued interest on December 31,2017? (Do not round any intermediate calculations,and round your final answer to the nearest dollar. )

• A)$339
• B)$493
• C)$247
• D)$565

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