The Interest Charged on a $70,000, 2-Month Note Payable, at the Rate

question 100

Multiple Choice

The interest charged on a $70,000, 2-month note payable, at the rate of 6%, would be

• A) $4,200.
• B) $2,100.
• C) $1,050.
• D) $700.

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Definitions:

Individual

Pertaining to a single person or entity, distinguished from a group or an aggregate.

Sexual Harassment

Unwelcome sexual advances, requests for sexual favors, and other verbal or physical harassment of a sexual nature that can occur in the workplace or other professional or social situations.

Behaviour

Actions or reactions of an individual, in conjunction with their environment, which can be observed externally.

Psychological

Pertaining to the mind or mental processes, often involving emotional and behavioral aspects of individuals.