Basic College Mathematics (10th Edition)

Published by Pearson
ISBN 10:
ISBN 13:

Chapter 6 - Percent - 6.7 Simple Interest - 6.7 Exercises - Page 448: 47

Answer

(a) The interest is 222.75 dollars. (b) The total in the account is 5622.75 dollars.

Work Step by Step

interest = principle * rate * time $i=(5400)(0.0275)(1.5) = (148.50)(1.5)= 222.75$ total = principle + interest $t=5400+222.75=5622.75$
Update this answer!

You can help us out by revising, improving and updating this answer.

Update this answer

After you claim an answer you’ll have 24 hours to send in a draft. An editor will review the submission and either publish your submission or provide feedback.