Question: Dau Real Estate signed a four-month note payable for the amount of P8,000 on September 1. The note requires interest payable at an annual rate

Dau Real Estate signed a four-month note payable for the amount of P8,000 on September 1. The note requires interest payable at an annual rate of 12%. The amount of interest to be accrued at the end of September is

A. P320 B. P80 C. P960 D. P107

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