# Chapter 6 - Percent - Review Exercises - Page 467: 61

$832.50 #### Work Step by Step Interest =$ principal \times rate \times time$Principal = 750 rate =$5\frac{1}{2}$% = 5.5% = 0.055 time = 2 years Interest =$ 750 \times 0.055 \times 2\$ = 82.50 Dollars Total Amount payable = Principal + interest = 750 + 82.50 = 832.50 Dollar

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