How much interest will accrue over three months on a $10,000, 9% loan? A. $2,700 B. $225 C. $300 D. $900

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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How much interest will accrue over three
months on a $10,000, 9% loan?
A. $2,700
B. $225
C. $300
D. $900
Transcribed Image Text:How much interest will accrue over three months on a $10,000, 9% loan? A. $2,700 B. $225 C. $300 D. $900
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