The Interest on a $20,000, 6%, 60-Day Note Receivable Is

question 103

Multiple Choice

The interest on a $20,000, 6%, 60-day note receivable is

• A)$1,200.
• B)$200.
• C)$400.
• D)$600.

---

Definitions:

Creative Energy

It is the innovative and imaginative power that drives the generation of new ideas, products, or artistic expressions.

Entrepreneurs

Individuals who create, launch, and manage new businesses, often taking on greater than normal financial risks.

Expansion And Growth

Strategic actions taken by a business to increase its size, revenue, or market presence, either through organic growth or acquisitions.

Serial Entrepreneur

Person who starts one business, runs it, and then starts and runs additional businesses in succession.