Router Inc.lends $70,000 on a 120-day,9% promissory note.The total interest that Router will receive at maturity is
A)$6,300.
B)$2,100.
C)$525.
D)$1,890.

Name: Router Inc.lends $70,000 on a 120-day,9% promissory note.The total interest that Router will receive at maturity is A)$6,300. B)$2,100. C)$525. D)$1,890.
Brand: Quizplus
Rating: 4.7 (32 reviews)

Question

Quizplus · Accepted Answer

The Answer of Router Inc.lends $70,000 on a 120-day,9% promissory note.The total interest that Router will receive at maturity is
A)$6,300.
B)$2,100.
C)$525.
D)$1,890.