The Interest Charged on a $100000 Note Payable at the Rate

question 124

Multiple Choice

The interest charged on a $100000 note payable at the rate of 6% on a 2-month note would be

• A) $6000.
• B) $3000.
• C) $1500.
• D) $1000.

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Definitions:

Social

Relating to society, interactions among individuals, or the organization of communities.

Emotional

Pertaining to feelings, where a person's emotional aspect involves their mood, temperament, and ability to express feelings.

Interest

A feeling of curiosity or concern about something or someone, often leading to engagement or investigation.

Peers

Individuals who are similar in age or status within a certain social group.