Multiple Choice
On October 1,2015,Bill Burns borrowed $170,000 from the New National Bank on a 6-month,6% note.Assuming no interest has been recorded yet,what is the amount of accrued interest as of December 31,2015?
A) $5,100
B) $2,550
C) $10,200
D) $7,650
Correct Answer:
Verified
Correct Answer:
Verified
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