A loan

A loan of $944 is charged simple interest at an annual rate of 8.1%. How much money is owed 14 months after the loan was made?

Correct answer:

x =  1033.21 USD

Step-by-step explanation:

a=944 p=8.1%=1008.1=0.081  i=a 1214 p=944 1214 0.081=89.208  x=a+i=944+12511151=125944 125+12511151=125118000+12511151=125118000+11151=125129151=1033.21 USD



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