Knowledge Check

Marigold Supply accepts a $$4,500,120-$day, $5\%$ note dated April $10$ from Clairmont in settlement of Leonard's overdue open account. What is the maturity date?

$[$ August $7$

c$.$ August $8$

c$.$ August $9$

August $10$

August $11$

ienims un ivote

$$4,500,9\%,120$ days $

$$1\mathrm{.}500,5\%,1$ year

$$5\mathrm{.}500\mathrm{.}11\%,6$ months

nterest amount for the three promissory notes. $($For notes expressed in terms of days, use a $360-$day year. Round your mal places, e$.$g$.52\mathrm{.}75.)$

Interest