The interest charged on a $100,000 note payable, at the rate of 6%, on a 60-day note would be

The interest charged on a $100,000 note payable, at the rate of 6%, on a 60-day note would be

The interest charged on a $100,000 note payable, at the rate of 6%, on a 60-day note would be


a. $6,000

b. $3,333

c. $1,500

d. $1,000