Salty Shakers Co. issued a 90-day note payable for $330,000 on November 1, 2018 with an annual interest rate of 13%. Assuming a 360-day year, what amount of interest has accrued as of December 31, 2018? What is the total amount of interest that will be paid on this note (including 2018 and 2019)?

Select one:

a. $7,150 for 2019; $10,725 in total

b. $3,575 for 2019; $7,150 in total

c. $7,150 for 2019; $42,900 in total

d. $3,575 for 2019; $42,900 in total