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

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: The interest on $50,000 for 100 days at 14% is how much if you use a 360 day a year calendar?      Log On

Ad: Over 600 Algebra Word Problems at edhelper.com


   



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) About Me  (Show Source):
You can put this solution on YOUR website!
I=Prt
I=50000*0.14*100/360
I=$1,944.44