Simplify Interest Expression 4E7Cb6
1. The problem is to simplify the expression:
$$250 \left( 1 + 0.12 \times \frac{292}{365} \right)$$
2. This expression represents a principal amount multiplied by one plus the product of an interest rate and a fraction of the year.
3. First, calculate the fraction inside the parentheses:
$$0.12 \times \frac{292}{365}$$
4. Calculate the fraction:
$$\frac{292}{365} \approx 0.8000$$
5. Multiply by 0.12:
$$0.12 \times 0.8000 = 0.096$$
6. Add 1 to this result:
$$1 + 0.096 = 1.096$$
7. Finally, multiply by 250:
$$250 \times 1.096 = 274$$
So, the simplified value is **274**.