A builder develops a tract of 15 houses at a cost of $275,000 each. If the mortgage is placed on one half of the total cost of the 15 houses at 5 3/4% simple interest, what interest is paid in the first year?

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The Answer of A builder develops a tract of 15 houses at a cost of $275,000 each. If the mortgage is placed on one half of the total cost of the 15 houses at 5 3/4% simple interest, what interest is paid in the first year?

A Builder Develops a Tract of 15 Houses at a Cost