On April 1, 2013, Ringo Company borrowed $20,000 from its bank by using a 9%, 12 month note, with the interest to be paid on the maturity date.

I do not understand this question, can you help me out, please.

I don't see a question here.

Do you need to find the interest?

Of course, I can help you with that! It seems that you are given information about a loan transaction. Let's break it down step by step and explain each part of the question:

1. On April 1, 2013: This is the date when the loan transaction took place. It indicates the starting point of the loan's term.

2. Ringo Company borrowed $20,000: This means that Ringo Company received $20,000 from its bank as a loan. It indicates the principal amount of the loan.

3. From its bank: This specifies the source of the loan, which is Ringo Company's bank.

4. Using a 9%, 12-month note: This part provides information about the terms of the loan. "9%" represents the interest rate applied to the loan, and "12 months" indicates the loan's duration or term.

5. Interest to be paid on the maturity date: This means that the interest on the loan will be paid at the end of the term or maturity date rather than periodically throughout the loan's term.

Based on this information, your task could be to calculate the interest to be paid on the maturity date. To do this, you can use the following formula:

Interest = Principal Amount * Interest Rate * Time

In this case, the Principal Amount is $20,000, the Interest Rate is 9%, and the Time is 12 months. Plug these values into the formula to find the interest amount.