Simple interest 4

Find the simple interest if 5243 USD at 4.3% for 261 days. Assume a 361-day year.

Result

x =  163 USD

Solution:

x=5243⋅4.3100⋅261361=163 USDx = 5243\cdot \dfrac{ 4.3}{ 100} \cdot \dfrac{ 261}{ 361 } = 163 \ \text{USD}

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