The Interest Charged on a $100,000 Note Payable, at the Rate

question 200

Multiple Choice

The interest charged on a $100,000 note payable, at the rate of 6%, on a 60-day note would be

• A) $6,000.
• B) $3,333.
• C) $1,500.
• D) $1,000.

---

Definitions:

Body Balance

Refers to the physiological processes that maintain the body's stability and orientation in space, often associated with the inner ear and vestibular system.

Limbic System

A sophisticated network of nerves and pathways in the brain, situated around the cortex's periphery, responsible for instincts and emotions. It governs fundamental feelings and motivations.

Addictive Disorders

A broad range of disorders that involve a compulsive need to use substances or engage in behaviors despite negative consequences.

Malfunctioning Reward Centers

A condition where the brain's reward system, which motivates behavior by releasing dopamine, does not work properly, leading to issues like addiction or depression.