Question: The interest charged on a $50,000 note payable, at the rate of 6%, on a 90-day note would be a. $3,000. b. $1,500 c. $750.

The interest charged on a $50,000 note payable, at the rate of 6%, on a 90-day note would be

a. $3,000.

b. $1,500

c. $750.

d. $500.

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