Outer on Olenlisueda promisory note on January 6 2025 tonSte was no paid on due drace, at of 13% Quesion client is naynemon spr/3, 2023, If the promissory note was not paid on due date, the interes, rate would increase to annual interest rate of 20% retroactive to issue date.

a) If the client repaid the promissory note on April 3,2023, what interest amount would be paid?

b)

If the client repaid the promissory note on April 7,2023, what interest amount would be paid?

Question: Client issued a promissory note on January 6,2023 for $10,000 at an annual interest rate of 13% due with one single payment on April 3, 2023. If the promissory note was note rate would increase to annual interestrate of 20% retroactive