the simple interest. Assume a 360-day year. Round results to the nearest cent. 3641 at 3 % for 10 months

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Accepted Answer

Step:1 ：Given that the principal amount (P) is 3641, the rate of interest (R) is 3% or 0.03, and the time (T) is 10 months or approximately 0.833 years.Step:2 ：We can calculate the simple interest (I) using the formula I = PRT.Step:3 ：Substituting the given values into the formula, we get I = 3641 * 0.03 * 0.833.Step:4 ：Calculating the above expression, we find that I = 91.02499999999999.Step:5 ：Rounding to the nearest cent, we get the final simple interest as 91.03.Step:6 ：(boxed{91.03}) dollars is the final answer.

Answer

Step: 1 ：Given that the principal amount (P) is 3641, the rate of interest (R) is 3% or 0.03, and the time (T) is 10 months or approximately 0.833 years.Step: 2 ：We can calculate the simple interest (I) using the formula I = PRT.Step: 3 ：Substituting the given values into the formula, we get I = 3641 * 0.03 * 0.833.Step: 4 ：Calculating the above expression, we find that I = 91.02499999999999.Step: 5 ：Rounding to the nearest cent, we get the final simple interest as 91.03.Step: 6 ：(boxed{91.03}) dollars is the final answer.

the simple interest. Assume a 360-day year. Round results to the nearest cent. 3641 at $3 \%$ for 10 months

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