50 Standard Chartered Bank (SCB) is a British Multinational Bank with a strong presence in Asia. Their employees are given many perks, one of which is personal loans at low interest rates. On Apr 1 of Yeart they made a loan of $8,000 to John, one of the company's employees. The one year note carried a 6tate of interest Assuming this was the only loan made by SCH, what is the amount of interest revenue that SC would report in Yeat 1? Multiple Choc $360 $240 $480