The Interest Charged by the Bank, at the Rate of 9

question 87

Multiple Choice

The interest charged by the bank, at the rate of 9%, on a 3-month, discounted note payable for $100,000 is:

• A) $9,000.
• B) $2,250.
• C) $750.
• D) $1,000.

---

Definitions:

Bloodstream

The flowing blood within the circulatory system of the body, responsible for transporting oxygen, nutrients, waste, and other substances.

Estrogen

A group of steroid hormones that play a crucial role in the development and regulation of the female reproductive system and secondary sex characteristics.

Testosterone

A primary male sex hormone crucial for the development of male reproductive tissues, as well as promoting secondary sexual characteristics and influencing behaviors.

Ovaries

The female gonads or sex glands.