Basic College Mathematics (10th Edition)

Published by Pearson
ISBN 10:
ISBN 13:

Chapter 6 - Percent - 6.7 Simple Interest - 6.7 Exercises - Page 448: 42

Answer

The total amount due is $5665.

Work Step by Step

interest=principle*rate*time $i=(5500)(0.04)(\frac{9}{12}) = (220)(0.75) = 165$ total due = principle + interest $t=5500+165=5665$
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