SOLUTION: A loan in the amount 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? Round your answer to the nearest ce

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Question 1151270: A loan in the amount 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?
Round your answer to the nearest cent.
Answer by MathLover1(20850) About Me  (Show Source):
You can put this solution on YOUR website!

Result
x+=++1033.21+
Solution:
a+=+944

p+=+8.1 % = 8.1%2F100++=+0.081
i+=+a+%28+14+%2F12+%29%2Ap
p+=+944+%28+14%2F12+%29+%2A0.081+=+89.208
+x+=+a+%2B+i+=+944+%2B+89.208+=+1033.208+=+1033.21+