Question: Question 1 Cash is borrowed on a 2-month note payable. If the interest cost to borrow is RO400, what is the actual interest rate on

Question 1 Cash is borrowed on a 2-month note payable. If the interest cost to borrow is RO400, what is the actual interest rate on this note? Not yet answered Marked out of 1.00 Flag question O2 22.50% Ob 20.00 % Oc 10.00% O d12.00%

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