On November 1,2016,a firm accepted a 4-month,10 percent note for $900 from a customer with an overdue balance.The accrued interest recorded for this note for the year ended December 31,2016,is
A) $90.
B) $75.
C) $30.
D) $15.

Question

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The Answer of On November 1,2016,a firm accepted a 4-month,10 percent note for $900 from a customer with an overdue balance.The accrued interest recorded for this note for the year ended December 31,2016,is
A) $90.
B) $75.
C) $30.
D) $15.

On November 1,2016,a Firm Accepted a 4-Month,10 Percent Note for $900