SOLUTION: The interest on $50,000 for 100 days at 14% is how much if you use a 360 day a year calendar?

SOLUTION: The interest on $50,000 for 100 days at 14% is how much if you use a 360 day a year calendar?

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Question 429366: The interest on $50,000 for 100 days at 14% is how much if you use a 360 day a year calendar?
Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
I=Prt
I=50000*0.14*100/360
I=$1,944.44
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