Basic College Mathematics (10th Edition)

Published by Pearson
ISBN 10: 0134467795
ISBN 13: 978-0-13446-779-5

Chapter 6 - Percent - Review Exercises - Page 467: 57

Answer

$8

Work Step by Step

Interest = $ principal \times rate \times time$ Principal = 200 rate = 4 % = 0.04 time = 1 (1 for 1 year) Interest = $ 200 \times 0.04 \times 1$ = 8 Dollar
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