Question: Frankenstein Enterprises received two notes from customers for sales that Frankenstein made in 2 0 2 4 . The notes included Note A: Dated 5

Frankenstein Enterprises received two notes from customers for sales that Frankenstein made in 2024. The notes included Note A: Dated 5/31/2024, principal of $129,000 and interest due 3/31/2025. Note B: Dated 7/1/2024, principal of $216,000 and interest at 8% annually, due on 4/1/2025Frankenstein had accrued a total of $15,700 interest receivable from these notes in its 12/31/2024 balance sheet.The annual interest rate on Note A is closest to:Multiple Choice9.98%.8.00%9.68%.9.38%.

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