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A one-year, $15,000, 6% note is signed on April 1. If the note is repaid on September 1 of the same year, how much interest

A one-year, $15,000, 6% note is signed on April 1. If the note is repaid on September 1 of the same year, how much interest expense is incurred?

a. $375

b. $450

c. $900

d. $300

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