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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