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On September 1, 2019, Kholud Co. issued a QAR 100,000, 8-month, noninterest-bearing note at a discount rate 9%. Kholud's effective interest rate on this note

On September 1, 2019, Kholud Co. issued a QAR 100,000, 8-month, noninterest-bearing note at a discount rate 9%. Kholud's effective interest rate on this note (rounded) is: A. 9.0%. B. 9.6%. C. 9.7%. D. 9.5%

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