Multiple Choice
On October 1, 2015, Android Inc. made a loan to one of its customers. The customer signed a 4-month note for $100,000 at 15%. How much interest revenue did the company record in the year 2016 for this note?
A) $2,150
B) $3,750
C) $1,250
D) $5,000
Correct Answer:
Verified
Correct Answer:
Verified
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