Suppose that jane borrows $8400 from a bank on april 9 at an annual rate of 9.2% simple interest. how much does she owe on august 20 of the same year?

Total amount of money that jane has will be  $8674.576

Step-by-step explanation:

Given data:

Time duration from 9 april to 20th august

so total number of days is  = 21 ( of april) + 31 +30 +31 +20 ( august) = 123

We know that,

simple interest is given as

where, P is principle =  8400

T = time = 123 ÷ 365

R = Rate = 9.2

so we have Simple Interest

simple interest = $274.576

Total amount of money that jane has will be

= 274.576 + 8400 = $8674.576

341

step-by-step explanation:

all you have to do is 9x31 (which equals 279) and then 20x31 (which equals 620). then you have to subtract. 620-279=341.