The interest on a $5,000, 10%, 1-year note receivable is
A) $5,000.
B) $500.
C) $5,500.
D) $5,450.

Name: The interest on a $5,000, 10%, 1-year note receivable is A) $5,000. B) $500. C) $5,500. D) $5,450.
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The interest on a $5,000, 10%, 1-year note receivable is $500. This is because the interest is calculated as follows:Interest = Principal x Rate x TimeInterest = $5,000 x 10% x 1 yearInterest = $500

The Interest on a $5,000, 10%, 1-Year Note Receivable Is