Interest on a $100,000 Note at 4% for 45 Days

question 42

True/False

Interest on a $100,000 note at 4% for 45 days is $493.(Use a 360 day year.Round your answer to the nearest dollar. )

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Definitions:

ATP

ATP, a molecule responsible for transporting energy throughout cells for metabolic processes.

Phospholipids

A class of lipids that are a major component of all cell membranes as they can form lipid bilayers due to their amphiphilic characteristic.

Phagocytosis

The cellular process of engulfing solid particles by the cell membrane to form an internal compartment known as a phagosome.

Lysosome

An organelle in the cytoplasm containing degradative enzymes enclosed in a membrane, involved in breaking down cellular waste.