The Interest on a $100,000 Note at 9% for 120

question 122

Multiple Choice

The interest on a $100,000 note at 9% for 120 days is: (Use a 365 day year and round to the nearest dollar.)

• A)$109,000.
• B)$ 9,000.
• C)$102,959
• D)$ 2,959.

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