Question: Frankenstein Enterprises received two notes from customers for sales that Frankenstein made in 2013. The notes included: Note A Dated 5/31/2013, principal of $ 121,000and

Frankenstein Enterprises received two notes from customers for sales that Frankenstein

Frankenstein Enterprises received two notes from customers for sales that Frankenstein made in 2013. The notes included: Note A Dated 5/31/2013, principal of $ 121,000and interest due 3/31/2014. Note B: Dated 7/112013, principal of $200.000 and interest at 8% annually, due on 4/1/2014. Frankenstein had accrued interest receivable from these notes of $14,500 in its 12/31/2013 balance sheet What is the annual interest rate on Note A?9.21% 9.51% 8.00% 9.81%

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