document.write( "Question 252473: Find the simple interest. Assume the rate is on per annum basis.\r
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document.write( " $52,486 at 12.76% from July 8 of one year to October 15 of the next year. (365-day year)
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Algebra.Com's Answer #184401 by drk(1908)![]() ![]() ![]() You can put this solution on YOUR website! We have the formula\r \n" ); document.write( "\n" ); document.write( "(i) \n" ); document.write( "putting given information in, we get \n" ); document.write( "(ii) \n" ); document.write( "\n" ); document.write( "July 8 to July 8 = 366 days \n" ); document.write( "July 8 to October 15 = 99 days \n" ); document.write( "So, time = 1 + 100/365 = (365+100)/365 ~ 1.2739726 yrs. \n" ); document.write( "From (ii), we get \n" ); document.write( "(iii) \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " |