ure https:/www.mathodlcom/Student/PlayerTest aspx?testld-18639308 2021- 1024 Onl

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ure https:/www.mathodlcom/Student/PlayerTest aspx?testld-18639308 2021- 1024 Online (550) Murphy 1&centerwin yes Bismark Bampoe &1 9/16/18 12:50 AM Time Remaining: 00:14:09 Submit Qu iz: Chapter 8 Exam This Quiz: 100 pls poss s Question: 6 pts 8ot 11 (7 complele) Question Heip dated October 1,2020, has accrued interest revenue of f December 31, 2020. (Round any intermediat culations to two decimal places, and your final answer to the nearest dollar) A $63 O B. $250 O C. $125 O D. $500 Cicx to select your answer 4o . 5 9

Explanation / Answer

Interest amount = Principal x rate of interest x time

                               = $ 5,000 x 0.1 x 3/12

                               = $ 5,000 x 0.1 x 0.25

                               = $ 125

Accrued interest revenue of note will be $ 125 at December 31 2020.

Hence option “C. $ 125” is correct answer.

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