A company borrowed $10,000 by signing a 180-day promissory note at 11%. The total interest due on the maturity date is.

A company borrowed $10,000 by signing a 180-day promissory note at 11%. The total interest due on the maturity date is.

A company borrowed $10,000 by signing a 180-day promissory note at 11%. The total interest due on the maturity date is. 




A. $50
B. $275
C. $550
D. $825
E. $1,100



Answer: C