## Basic College Mathematics (10th Edition)

Published by Pearson

# Chapter 6 - Percent - 6.7 Simple Interest - 6.7 Exercises - Page 448: 48

#### Answer

(a) The interest is 5,402.25 dollars. (b) The total due is 34,802.25 dollars.

#### Work Step by Step

interest = principle * rate * time $i=(29,400)(0.0525)(3.5) = (1543.50)(3.5) = 5402.25$ total due = principle + interest $t=29,400 + 5,402.25 = 34,802.25$

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.