Answer:
Technically it is 5/12, but as a percentage it would be 41.6666%
Take 20 laps divide by 8 then take the number times 9 laps
The deposit is 4,000 so P = 4000.
The interest rate is 9.5%
9.5 ÷ 100 = 0.095.
r = 0.095: I = P*r*t*: I = P*r*tl = 4000*0.095*
(270/365)I = 281.095890410959 I = 281.10
So your answer would be: 281.10