Peach Tree Farm Peach Tree Farm received a promissory note from a customer on March 1, 2012. The principal amount of the note is $20,000; the terms are 3 months and 9% annual interest. Refer to the information for Peach Tree Farm. What is the total amount of interest that Peach Tree Farm will receive when the note is collected?
A) $ 300
B) $ 150
C) $ 450
D) $1,800
C
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