Question:Maggie Sharrer Company borrows $88,500 on September 1,2002 from Sandwich State Bank by signing an $88,500, 12%, one-year note. What is the accrued interest at December 31,2002 ? 

A $2655 
B $3540 
C $4425 
D $10620 

+ Answer
B 

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Md. Saydul Alam

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