Question 1182195
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Margo borrows P200, agreeing to pay it back with 4% annual interest after 14 months. 
How much interest will she pay?
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<pre>

14 months = {{{14/12}}}  of an year.


    The interest  I =  {{{200*0.04*(14/12)}}} = {{{2*4*(7/6)}}} = {{{56/6}}} = {{{28/3}}} = 9 {{{1/3}}} = 9.33 dollars.
</pre>

Solved.


On simple interest problems, see the lesson

&nbsp;&nbsp;&nbsp;&nbsp;- <A HREF=https://www.algebra.com/algebra/homework/percentage/lessons/Simple-interest-percentage-problems.lesson>Simple interest percentage problems</A> 

in this site.



Learn the subject from there.