Accent Flooring
The company received a promissory note from a customer on March 1, Year 1. The principal amount of the note is $20,000; the terms are three months and 9% annual interest.
-Refer to the information in the figure Accent Flooring.What is the total amount of interest the company will receive when the note is collected?
A) $150
B) $300
C) $450
D) $1,800
Correct Answer:
Verified
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