## Basic College Mathematics (10th Edition)

Published by Pearson

# Chapter 6 - Percent - Review Exercises - Page 467: 62

$1595.10 #### Work Step by Step Interest =$ principal \times rate \times time$Principal = 1560 rate = 3% = 0.03 time = 9 months =$\frac{9}{12}$years =$\frac{3}{4}$Interest =$ 1560 \times 0.03 \times \frac{3}{4}\$ = 35.10 Dollars Total Amount payable = Principal + interest = 1560 + 35.10 = 1595.10 Dollar

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