Find the simple interest of 5850 at 5.40% for 191 days?

Question

Find the simple interest of 5850 at 5.40% for 191 days?

Answer 1

You don't say, but i assume the 5.4% is annual. Also, how many days do you count per year. I'll assume 365

191/365 x 5.4 = 2.83%

Interest = 5850 x 0.0283 = $165.31

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