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On March 1, 2012, Kelly Company Lent $3,500 to Tim

Question 44

Multiple Choice

On March 1, 2012, Kelly Company lent $3,500 to Tim on a 1-year 6% promissory note. The amount of interest to be accrued on December 31 will be:


A) $210.00.
B) $175.00.
C) $157.50.
D) $140.00.
E) $176.00

Correct Answer:

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