37) A company receives a 10%, 120-day note for $1,500. The total interest due on the...

Transcribed Image Text:

37) A company receives a 10%, 120-day note for $1,500. The total interest due on the maturity date is: (Use 360 days a year.) A) $50.00 B) $150.00 C) $75.00 D) $37.50 E) $87.50 37) A company receives a 10%, 120-day note for $1,500. The total interest due on the maturity date is: (Use 360 days a year.) A) $50.00 B) $150.00 C) $75.00 D) $37.50 E) $87.50