Calculate the Interest on a 90-Day,12% Note for $45,000

question 148

Multiple Choice

Calculate the interest on a 90-day,12% note for $45,000.(Use a 360-day year to compute interest.Round your answer to the nearest dollar. )

• A)$2,700
• B)$1,350
• C)$5,400
• D)$450

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Definitions:

Tubular Reabsorption

Involves the movement of water and solutes from the renal tubules back into the bloodstream, a vital process for maintaining fluid and electrolyte balance in the body.

Plasma Proteins

Proteins found in blood plasma, including albumin, globulins, and fibrinogen, that perform various functions such as clotting and defense against infections.

Nephron

The basic structural and functional unit of the kidney, responsible for filtering blood and producing urine.