Simple Interest Days
1. **State the problem:** We need to find the number of days it takes for $1009.00 to earn $35.95 interest at an annual simple interest rate of 4.25%.
2. **Recall the simple interest formula:**
$$I = P \times r \times t$$
where $I$ is the interest earned, $P$ is the principal, $r$ is the annual interest rate (in decimal), and $t$ is the time in years.
3. **Identify the known values:**
- $I = 35.95$
- $P = 1009.00$
- $r = 4.25\% = 0.0425$
- $t = ?$ (in years)
4. **Solve for $t$:**
$$t = \frac{I}{P \times r} = \frac{35.95}{1009.00 \times 0.0425}$$
Calculate the denominator:
$$1009.00 \times 0.0425 = 42.8825$$
Then,
$$t = \frac{35.95}{42.8825} = 0.838253$$ (rounded to six decimal places)
5. **Convert $t$ from years to days:**
Assuming 1 year = 365 days,
$$\text{days} = 0.838253 \times 365 = 305.311645$$
6. **Round up to the nearest day:**
$$\boxed{306 \text{ days}}$$
**Final answer:** The number of days required is 306 days.