Calculate the Interest on a 90-Day,12% Note for $45,000

question 148

Multiple Choice

Calculate the interest on a 90-day,12% note for $45,000.(Use a 360-day year to compute interest.Round your answer to the nearest dollar. )

• A)$2,700
• B)$1,350
• C)$5,400
• D)$450

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Definitions:

Telecommuting

is a work arrangement allowing employees to work outside the traditional office environment, often from home, leveraging technology.

Flex-Time

An employment approach allowing employees to choose their working hours within agreed limits, promoting a better work-life balance.

Telecommuting

The practice of working from a remote location, often from home, leveraging technology to perform job duties without being physically present at the employer's site.

Flexible Work Arrangements

Employment terms that allow for variability in work hours, locations, or job duties to accommodate employees' needs and improve their work-life balance.