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: 5

Answer

$6

Work Step by Step

Turn the rate into a decimal. Fill in the interest equation. $Interest=principal x rate x time$ $I=(100)(0.06)(1)$ $I=6$
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