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

question 158

Multiple Choice

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

• A) $60.
• B) $120.
• C) $180.
• D) $360.

---

Definitions:

Precise Equivalent

An exact match or counterpart in meaning, value, or effect.

Translations

The process of converting text or speech from one language to another, maintaining the original meaning and context as accurately as possible.

Languages

Systems of communication used by particular communities, consisting of a set of sounds, symbols, or gestures, structured by grammatical rules and vocabulary.

Two-Word Verb

A verb phrase consisting of a verb plus an adverb or preposition, for example, "pick up" or "look after," that together function as a single verb.