Olympic Equipment Borrowed $500,000 on November 1

Olympic Equipment borrowed $500,000 on November 1. The note matures in one year and the interest rate is 10%. What amount of interest expense will be accrued on December 31? (Do not round intermediary calculations. Only round your final answer to the nearest dollar.)

A) $25,000
B) $100,000
C) $8,333
D) $50,000