Basic College Mathematics (10th Edition)

Published by Pearson
ISBN 10:
ISBN 13:

Chapter 6 - Percent - 6.7 Simple Interest - 6.7 Exercises - Page 448: 46

Answer

The penalty is $87.88.

Work Step by Step

interest = principle * rate * time $i = (1900)(.0925)(\frac{6}{12}) = (175.75)(0.5) = 87.88$
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