On 1 December 2016,Parsons Ltd Sold Machinery to a Customer

Multiple Choice

On 1 December 2016,Parsons Ltd sold machinery to a customer for $20,000.The customer could not pay at the time of sale but agreed to pay 9 months later and signed a 9-month bill at 9% interest.How much interest revenue was earned for the entire term of the bill?

A) $1350
B) $1200
C) $1800
D) $150