Indigo Company can borrow up to $50,000 on its state bank line of credit. The company agrees to p interest monthly at 2% above prime. Funds are borrowed or repaid on the first day of each month. 13. Amounts Borrowed or (Repaid) Month Jan. Feb. March Prime Rate $15,000 $ (5,000) $30,000 6% 5% 4% The amount of interest to be accrued on March 31 is a. $225.00 b. $100.00. c. $200.00. d. $133.33