Frankenstein Enterprises received two notes from customers for sales that Frankenstein made in 2013. The notes included:

Note A: Dated 5/31/2013, principal of $ 127,000and interest due 3/31/2014. Note B: Dated 7/1/2013, principal of $210,000 and interest at 6% annually, due on 4/1/2014.

Frankenstein had accrued interest receivable from these notes of $15,500 in its 12/31/2013 balance sheet. What is the annual interest rate on Note A?

	6.00%
	12.42%
	12.72%
	13.02%