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21 November, 18:54

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

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  1. 21 November, 22:50
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    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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