A Business Accepts a 12 Percent,$19,000 Note Due in Three

question 86

Multiple Choice

A business accepts a 12 percent,$19,000 note due in three years.Assuming simple interest,how much will the business receive when the note falls due?

• A) $21,280
• B) $25,840
• C) $23,560
• D) $19,000

---

Definitions:

National Government

The government of a nation-state, responsible for administering and governing a country's affairs.

Legislature

A governmental body primarily responsible for enacting laws, consisting of elected representatives.

Rules Committee

A committee within a legislative body responsible for determining the terms and conditions under which legislation will be considered, including debating time and amendment allowance.

Committee

A group of individuals appointed to perform a specified function or investigate a specific issue, often within a legislative body.