Basic College Mathematics (10th Edition)

Published by Pearson
ISBN 10:
ISBN 13:

Chapter 6 - Percent - 6.7 Simple Interest - 6.7 Exercises - Page 445: 6

Answer

$6

Work Step by Step

Turn the rate into a decimal. Fill in the interest equation. $Interest=principal \times rate \times time$ $I=(200)(0.03)(1)$ $I=6$
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