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North Woods Company has a line of credit with Olympia State Bank, North Woods agreed to pay interest at an annual rate to above the

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North Woods Company has a line of credit with Olympia State Bank, North Woods agreed to pay interest at an annual rate to above the bank's primers Funds are borrowed or repaid on the first day of each month and interest is paid in cash on the last day of each month. Borowing is hown as a positive amount and repayments are shown as negative amounts indicated by parents Activity to date is given as follows Art Borrowed Prime Rate for Repaid 25,000 30,000 25.000 What is the amount of interest paid at the end of March? Do not round your intermediate calculations! - $227.5 OD $97.5 $106.0

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