Mathematics, 19.06.2021 22:10 kailinaguilar9455

A contractor takes a draw of 546,200 from a homeowner to start a remodeling job. He uses $22,150 to purchase materials and deposits the remaining money in a three-month CD paying 3.60% annual interest.
How much interest does he earn on the remaining funds during the three-month term?
The contractor earns S in interest on the remaining funds during the three-month term.

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A contractor takes a draw of 546,200 from a homeowner to start a remodeling job. He uses $22,150 to...

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