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NNADVOKAT [17]
2 years ago
6

How many days would it take a construction loan of $548,048 to earn$50,000 exact interest at 9% interest rate?

Mathematics
1 answer:
sesenic [268]2 years ago
3 0
I guess you mean simple interest 
I = PRT/100

50000 = 548048 * 9 * t  / 100

t =  50,000 * 100
     -------------------  =   1.013699 years
      548048* 9

multiply this by 365 gives 370 days
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