Question: If the interest rate on a note is 10% and the principal was $10,000, what is the interest expense for the 8 month note? Round

If the interest rate on a note is 10% and the

If the interest rate on a note is 10% and the principal was $10,000, what is the interest expense for the 8 month note? Round your final answer to the nearest dollar) A. $1,000 O B. $500 O C. $667 D. $1,100

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