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A summary of the borrowings incurred by the business in 2019 is shown below. The loan from Bank-3 is totally used in building a bridge

A summary of the borrowings incurred by the business in 2019 is shown below. The loan from Bank-3 is totally used in building a bridge between the facilities belonging to the enterprise

If the total cost used for this bridge during the year is $30,000, how much interest expense will be recorded for the period?

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