is this correct now..

Problem #1
Find the simple interest assume a 360-day year. Round result $17000 at 9%for 119 days.

answer: 5619.44

To calculate the simple interest, you need to use the formula:

Simple Interest = (Principal * Rate * Time) / 360

Where:
Principal = $17,000
Rate = 9% (or 0.09 as a decimal)
Time = 119 days

To find the simple interest, we plug in the values into the formula:

Simple Interest = (17,000 * 0.09 * 119) / 360

Now, we can calculate it step by step:

Step 1: Calculate the numerator:
17,000 * 0.09 * 119 = 181,530

Step 2: Calculate the denominator:
360

Step 3: Divide the numerator by the denominator to find the simple interest:
181,530 / 360 = 504.25

Finally, to round the result to two decimal places, the answer is $504.25, not $5619.44.