Basic College Mathematics (10th Edition)

Published by Pearson
ISBN 10:
ISBN 13:

Chapter 6 - Percent - 6.7 Simple Interest - 6.7 Exercises - Page 448: 45

Answer

Tiina will earn $159.50 in interest every 3 months.

Work Step by Step

interest = principle * rate * time $i=(8800)(0.0725)(\frac{3}{12}) = (638)(0.25) = 159.50$
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