Question: On June 1 , a company accepted a 3 - month, 1 2 % note receivable for $ 1 0 , 0 0 0 .

On June 1, a company accepted a 3-month, 12% note receivable for
$10,000. What is the interest earned by the maturity date?
a) $100
b) $200
c) $300
d) $400
 On June 1, a company accepted a 3-month, 12% note receivable

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