Simple interest 4

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

Correct result:

x =  163 USD

Solution:

$x=5243\cdot {\displaystyle \frac{4.3}{100}}\cdot {\displaystyle \frac{261}{361}}=163\text{ USD}$

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