Basic College Mathematics (10th Edition)

Published by Pearson
ISBN 10:
ISBN 13:

Chapter 6 - Percent - 6.7 Simple Interest - 6.7 Exercises - Page 448: 43

Answer

Nicholas will earn $277.50 in interest.

Work Step by Step

interest=principle*rate*time $i=(14,800)(0.0225)(\frac{10}{12}) = (333)(\frac{10}{12}) = \frac{333\times10}{12}) = \frac{3330}{12} = 277.50$
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