On November 1,2016,Tim's Toys borrows $30,000,000 at 9% to finance the holiday sales season.The note is for a six-month term and both principal and interest are payable at maturity.What is the balance of interest payable for the loan as of December 31,2016?
A)$ 112,500.
B)$ 225,000.
C)$ 450,000.
D)$1,350,000.

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The Answer of On November 1,2016,Tim's Toys borrows $30,000,000 at 9% to finance the holiday sales season.The note is for a six-month term and both principal and interest are payable at maturity.What is the balance of interest payable for the loan as of December 31,2016?
A)$ 112,500.
B)$ 225,000.
C)$ 450,000.
D)$1,350,000.

On November 1,2016,Tim's Toys Borrows $30,000,000 at 9% to Finance