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 $ 132,000and interest due 3/31/2014. Note B: Dated 7/1/2013, principal of $220,000 and interest at 8% annually, due on 4/1/2014.

Frankenstein had accrued interest receivable from these notes of $16,000 in its 12/31/2013 balance sheet. What is the annual interest rate on Note A?

a)	9.65%
b)	8.00%
c)	9.35%
d)	9.95%