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Choose the correct answer. Your business signs a ninety-day promissory note for $5,000 at 5% monthly interest. How much interest will you have to pay on a collect basis? a 250.00 b 750.00
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Choose the correct answer. Your business signs a ninety-day promissory note for $5,000 at 5% monthly interest. How much interest will you have to pay on a collect basis?

a 250.00
b 750.00

User Abuharsky
by
7.6k points

2 Answers

5 votes

Answer:

b

Explanation:


User BobB
by
7.5k points
6 votes
The answer is B. 750.00                              
User Cory Trese
by
8.8k points
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