Millionaires Bank Accepts a Promissory Note for $4,000 from a Customer

Multiple Choice

Millionaires Bank accepts a promissory note for $4,000 from a customer on February 1, to be repaid in eight months plus 8% interest. The interest due on the note is: (Do not round any intermediate calculations. Round your final answer to the nearest dollar.)

A) $213.
B) $320.
C) $107.
D) $160.