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Becky borrows P88, 500 on August 31, 2019 from PS State Bank by signing on P88,500, 12%, one-year note. What is the accrued interest at

Becky borrows P88, 500 on August 31, 2019 from PS State Bank by signing on P88,500, 12%, one-year note. What is the accrued interest at December 31, 2019?

a. P2, 655

b. P3, 540

c. P4, 425

d. P10, 620

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