## Basic College Mathematics (10th Edition)

Published by Pearson

# Chapter 6 - Percent - 6.7 Simple Interest - 6.7 Exercises - Page 448: 41

$\$4746.88$#### 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:$\$4650+\$96.88=\$4746.88$

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