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 - Page 447: 7

Answer

$105

Work Step by Step

Turn the rate into a decimal. Fill in the interest equation. $Interest=principal \times rate \times time$ $I=(700)(0.05)(3)$ $I=105$
Update this answer!

You can help us out by revising, improving and updating this answer.

Update this answer

After you claim an answer you’ll have 24 hours to send in a draft. An editor will review the submission and either publish your submission or provide feedback.