find simple intrest. assume a 360 day year. round to the nearest cent
$12,047 at 3.5% for 10 months
Using I = Prt, we have......
$12047 x .035 x (10/12) = about $351.37
$12,047 X .035=$421.65
$421.65 / 12=$35.14 per month X 10 months=$351.40 Total amount for 10 months.
