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 448: 41



Work Step by Step

We know that Yohko borrowed $\$4650$ at 5% for 5 months. We find the amount of interest due: $I=Prt$ $I=4650*0.05*\frac{5}{12}$ $I=\$96.875\approx \$96.88$ The total amount due includes the amount borrowed (the principal, $\$4650$) and the interest we just calculated: $\$4650+\$96.88=\$4746.88$
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.