Basic College Mathematics (10th Edition)

Published by Pearson
ISBN 10: 0134467795
ISBN 13: 978-0-13446-779-5

Chapter 6 - Percent - 6.7 Simple Interest - 6.7 Exercises - Page 445: 7

Answer

$105

Work Step by Step

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