Prealgebra (7th Edition)

Published by Pearson
ISBN 10: 0321955048
ISBN 13: 978-0-32195-504-3

Chapter 7 - Section 7.6 - Percent and Problem Solving: Interest - Exercise Set - Page 518: 13

Answer

5562.50

Work Step by Step

Write 9% as a decimal I=5000$\times$ $\times$ 0.09 $\times$ 1.25 Multiply I= 562.50 dollars The simple interest is 562.50 dollars. total amount = principal + interest total amount = 5000+562.50= 5562.50 dollars Total amount after 15 months will be 5562.50 dollars
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