On October 1, 2020, Jewelry Specialists Company made a loan to one of its customers. The customer signed a 6-month note for $100,000 at 15%. Calculate the total interest earned on the note. (Round any intermediate calculations to two decimal places, and your final answer to the nearest dollar.)
A) $7500
B) $3750
C) $1250
D) $15,000
A) $7500
Explanation: ($100,000 × 15%) × 6/12 = $7500
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