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Troyanec [42]
3 years ago
7

Find the simple interest. $18,981 at 9% for 208 days

Mathematics
1 answer:
FrozenT [24]3 years ago
5 0
Since the interest is simple, you don't have to compound it multiple times. You just need to divide the 208 days with 365days. The calculation would be:

interest= principal * number of year * rate 
interest=  $18,981 * 208/365 * 9%=$973.49
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