## Prealgebra (7th Edition)

Write 9% as a decimal I=5000$\times$ $\times$ 0.09 $\times$ 1.25 Multiply I= 562.50 dollars The simple interest is 562.50 dollars. total amount = principal + interest total amount = 5000+562.50= 5562.50 dollars Total amount after 15 months will be 5562.50 dollars