A company borrowed $10,000 by signing a 180-day promissory note at 9%. The total interest due on the maturity date is: (Use 360 days a year.)

Name: A company borrowed $10,000 by signing a 180-day promissory note at 9%. The total interest due on the maturity date is: (Use 360 days a year.)
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The interest is calculated using the formula: Interest = Principal x Rate x Time. Here, Principal = $10,000, Rate = 9% or 0.09, and Time = 180/360 = 0.5 years. So, Interest = $10,000 x 0.09 x 0.5 = $450.

A Company Borrowed $10,000 by Signing a 180-Day Promissory Note