Need help with algebra question on simple interest. Have many more so it would help a lot to know what to do.

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Need help with algebra question on simple interest. Have many more so it would help a lot to know what to do.

[From: ] [author: ] [Date: 12-08-27] [Hit: ]

29=$973.I = 18981 X 208/365 X 9/100 = 973.......

Find the simple interest for the following. Round to the nearest cent. $18,981 at 9% for 208 days a. $973.49

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If the 9% is "simple" you would take .09*18981=1708.29 interest for an entire year
Now take 208/365*1708.29=$973.49

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I = PNR / 100

I = interest

P = principal

R = rate %

N = no of years

I = 18981 X 208/365 X 9/100 = 973.49 $ ANSWER

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