Basic College Mathematics (9th Edition)

Published by Pearson
ISBN 10: 0321825535
ISBN 13: 978-0-32182-553-7

Chapter 6 - Percent - 6.7 Simple Interest - 6.7 Exercises: 16

Answer

$1\frac{1}{4}, 1.25$

Work Step by Step

Put the months over 12, simplify the fraction, then divide the fraction to turn into a decimal. $\frac{15}{12}=\frac{5}{4}=1\frac{1}{4}=1.25$
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