Mitchell Company borrows money from the Redwolf Bank and signs an interest-bearing promissory note. Principal Interest rate Term Interest Amount: Required: Given the details above, determine the amount of interest on the note. Note: To simplify the arithmetic, use 360 days in a year. X $3.600 10% 90 days 7 D $ 0

Mitchell Company borrows money from the Redwolf Bank and signs an interest-bearing promissory note Required: Given the details above, determine the amount of interest on the note. Note: To simplify the arithmetic, use 360 days in a year