Basic College Mathematics (9th Edition)

Published by Pearson
ISBN 10: 0321825535
ISBN 13: 978-0-32182-553-7

Chapter 6 - Percent - 6.8 Compound Interest - 6.8 Exercises: 32

Answer

Yen must replay $\$37,638$ in total.

Work Step by Step

We look up the column "4 years" and the row "3.5% interest" in the table. This gives us the value "1.1475". We multiply the principal ($\$32800$) by this number: $32800*1.1475=\$37,638$ Therefore, Yen must replay $\$37,638$ in total.
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