Question: Wang, Inc. borrowed $ 1 0 , 0 0 0 from Second National Bank on January 1 , 2 0 1 0 . The loan

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?
None of the above
$10,300.00
$10,600.00
$600.00
$300.00

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