## Basic College Mathematics (10th Edition)

Published by Pearson

# Chapter 6 - Percent - Review Exercises - Page 467: 58

$67.50 #### Work Step by Step Interest =$ principal \times rate \times time$Principal = 1080 rate = 5 % = 0.05 time =$1\frac{1}{4} = \frac{5}{4}$years Interest =$ 1080 \times 0.05 \times \frac{5}{4}\$ = 67.50 Dollars

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