Calculate the Interest on a 90-Day, 9% Note for $50,000

question 129

Multiple Choice

Calculate the interest on a 90-day, 9% note for $50,000. (Use a 360-day year to compute interest. Round your answer to the nearest dollar.)

• A) $2,250
• B) $1,125
• C) $4,500
• D) $375

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Definitions:

Endorphins

Neurochemicals in the brain that act as natural painkillers and also boost pleasure, creating feelings of well-being.

Pain-Controlling Chemicals

Substances produced by the body, such as endorphins, that naturally reduce pain through their action on the nervous system.

Body

The physical structure of a person or an organism, including bones, flesh, and organs.

Receptor

A protein molecule that receives chemical signals from outside a cell and, when bound to a specific molecule, can initiate a physiological response.