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On November 1, Fisher and Sons music center loaned a customer $15,000 at 8% for six months. What is the intrest recievable on the note

On November 1, Fisher and Sons music center loaned a customer $15,000 at 8% for six months. What is the intrest recievable on the note at December 31?

Answers:

1) $100

2) $200

3)$400

4) $600

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