Basic College Mathematics (10th Edition)

Published by Pearson
ISBN 10:
ISBN 13:

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

Answer

$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
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.