Your friend signs a promissory note for $2,000 for 30 days with a rate of...
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Your friend signs a promissory note for $2,000 for 30 days with a rate of 2.25% attached. After fifteen days, you realize you need the money and sell the promissory to another friend to yield you 3.00%. How much interest did your friend earn in interest (the last fifteen days? Multiple Choice $2.76 $2.51 $2.96
Your friend signs a promissory note for $2,000 for 30 days with a rate of 225% attached. After fifteen days, you realize you need the money and sell the promissory to another friend to yleld you 3.00%. How much interest did your friend earn in interest (dollar amount) for holding the promissory note for the last fifteen days? Multipie Choice $276 $2.51 $2.96
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