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Rockport Quarry Signed a Four-Month, 5%, $9,000 Note Payable on September

Question 34

Multiple Choice

Rockport Quarry signed a four-month, 5%, $9,000 note payable on September 1. The amount of interest to be accrued at the end of September is

A) $150.
B) $450.
C) $112.50.
D) $37.50.

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