Answer:
interest = 2,000
Explanation:
We will calculate the interest on the note:
Rembemer: Notes use simple interest
[tex]Principal \times rate \times time = interest[/tex]
Is important that time and rate are expressed in the same measurement.
rate are generally expressed annually. so we must express time on years too.
this note is a 4 month note, we should convert 4 month in years:
1 years has 12 month
X year has 4 month
X = 4/12 = 1/3 of a year
Finally the rate is express in percent, we should divide by 100 to get the decimal:
6% = 6/100 = 0.06
[tex]100,000 \times 0.06\times 1/3 = interest[/tex]
interest = 2,000
