An 92,000 investment earned 4.6% rate of simple interest from December 9, 2019.to May 31, 2020 How much interest was earned? (Do not round Intermediate calculations and round your final answer to 2 decimal places.) interesteamed square

## Step 1: Calculate the time in years.### From December 9, 2019 to December 9, 2020 is 1 year or 365 days. From December 9, 2019 to May 31, 2020 is 21 + 31 + 29 (2020 is a leap year) + 31 + 30 + 31 = 173 days. The time in years is years.## Step 2: Convert the interest rate to a decimal.### ## Step 3: Calculate the interest earned.### Using the formula , where is the interest earned, is the principal, is the interest rate, and is the time in years: