The Eldorado Corporation$$s controller prepares adjusting entries only at the end of the reporting year. The following adjusting entries were prepared on December $31,2024$:

Debit Credit

Interest expense $27,000$

Interest payable $27,000$

Rent expense $28,125$

Prepaid rent $28,125$

Interest receivable $930$

Interest revenue $930$

Additional information:

The company borrowed $$360,000$ on March $31,2024.$ Principal and interest are due on March $31,2025.$ This note is the company$$s only interest$-$bearing debt.

Rent for the year on the company$$s office space is $$37,500.$ The rent is paid in advance.

On October $31,2024,$ Eldorado lent money to a customer. The customer signed a note with principal and interest at $10\%$ due in one year.

Required:

What is the interest rate on the company's note payable?

The $2024$ rent payment was made at the beginning of which month?

How much did Eldorado lend its customer on October $31?$

Note: Do not round your intermediate calculation.