Basic College Mathematics (10th Edition)

Published by Pearson
ISBN 10:
ISBN 13:

Chapter 6 - Percent - 6.7 Simple Interest - 6.7 Exercises - Page 448: 44

Answer

Sid and Shirley will owe interest of $13,702.50.

Work Step by Step

interest = principle * rate * time $i=(54,000)(0.0725)(\frac{42}{12}) = (3915)(3.5) = 13,702.50$
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