The Interest on a $4,000, 6%, 60-Day Note Receivable Is

question 69

Multiple Choice

The interest on a $4,000, 6%, 60-day note receivable is

• A) $240.
• B) $40.
• C) $80.
• D) $120.

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Definitions:

Inductors

Passive electrical components designed to resist changes in current, storing energy in a magnetic field when current flows through them.

Current Flow

The movement of electric charge carriers, such as electrons, through a conductor or semiconductor.

Resistance

The opposition to the flow of electric current, measured in ohms, affecting how much current flows through a circuit.

Inductor

An inductor is a passive electronic component that stores energy in a magnetic field when electric current flows through it, used in various filtering, tuning, and energy storage applications.