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39 On August 1, 2016, Lotore, Inc., sold equipment and accepted a six-month, 12%, $30,000 note receivable. How much interest does Lotore, Inc., expect to

39
On August 1, 2016, Lotore, Inc., sold equipment and accepted a six-month, 12%, $30,000 note receivable. How much interest does Lotore, Inc., expect to collect on the maturity date (February 1, 2017)? O A. $3,600 O B. $1,800 O C. $2,600 O D. $300

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39 On August 1, 2016, Lotore, Inc., sold equipment and accepted a six-month, 12%, $30,000 note receivable. How much interest does Lotore, Inc., expect to

39 On August 1, 2016, Lotore, Inc., sold equipment and accepted a six-month, 12%, $30,000 note receivable. How much interest does Lotore, Inc., expect to collect on the maturity date (February 1, 2017)? O A. $3,600 O B. $1,800 O C. $2,600 O D. $300

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39
On August 1, 2016, Lotore, Inc., sold equipment and accepted a six-month, 12%, $30,000 note receivable. How much interest does Lotore, Inc., expect to collect on the maturity date (February 1, 2017)? O A. $3,600 O B. $1,800 O C. $2,600 O D. $300