Thinking Mathematically (6th Edition)

Published by Pearson
ISBN 10: 0321867327
ISBN 13: 978-0-32186-732-2

Chapter 8 - Personal Finance - Chapter Summary, Review, and Test - Review Exercises - Page 570: 30

Answer

$900$.

Work Step by Step

$I=Prt$ where $P$ is the principal, $r$ is the rate of interest and $t$ is the time in years. Hence here: $I=36000\cdot0.15\cdot\frac{1}{6}=900$.
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