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    College Accounting Study Set 2
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    Exam 14: Notes Receivable and Notes Payable
  5. Question
    Interest on a $3,000, 5% Promissory Note for Six Months
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Interest on a $3,000, 5% Promissory Note for Six Months

Question 108

Question 108

Multiple Choice

Interest on a $3,000, 5% promissory note for six months is:


A) $75.
B) $7.50.
C) $750.
D) $0.75.

Correct Answer:

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