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Question $1$

$1$ pts

Wang, Inc. borrowed $$10,000$ from Second National Bank on January $1,2010.$ The loan is to be repaid on July $1,2010,$ along with interest at $6\%$ per year. How much interest should be paid on July $1?$

$$10,600\mathrm{.}00$

None of the above

$$10,300\mathrm{.}00$

$$300\mathrm{.}00$

$$600\mathrm{.}00$