Register
Find the simple interest. $18,981 at 9% for 208 days
17.2k views
2 votes
Find the simple interest. $18,981 at 9% for 208 days

User Jreh
by
7.4k points

1 Answer

2 votes
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
User Karlosss
by
7.9k points
← Prev Question Next Question →

Related questions

User Vromanch
asked Aug 23, 2023 46.2k views
Find the mean for the amounts: $17,482: $14,987; $13,521: $14,550; $18,570; $14,981
Vromanch asked Aug 23, 2023
by Vromanch
8.1k points
1 answer
2 votes
46.2k views
User Punov
asked Nov 11, 2024 127k views
5. Find the sum of the two different place values of 8 in: a. 280 698 b. 518 981 c. 68 348 d. 11 828​
Punov asked Nov 11, 2024
by Punov
7.1k points
1 answer
4 votes
127k views
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Other Questions

What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
i have a field 60m long and 110 wide going to be paved i ordered 660000000cm cubed of cement  how thick must the cement be to cover field
Write words to match the expression. 24- ( 6+3)
A dealer sells a certain type of chair and a table for $40. He also sells the same sort of table and a desk for $83 or a chair and a desk for $77. Find the price of a chair, table, and of a desk.
Link Copied!