Question: A $30,000, three - month, 12% note payable was issued on December 1,2024 . What is the amount of accrued interest on December 31, 2024?

A $30,000, three - month, 12% note payable was issued on December 1,2024 . What is the amount of accrued interest on December 31, 2024? (Do not round any intermediate calculations, and round your final answer to the nearest dollar.) A. $433 B. $217 C. $504 D. $300

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