Answer
$558
Work Step by Step
Turn the rate into a decimal. Fill in the interest equation.
$Interest=principal \times rate \times time$
$I=(12400)(0.015)(3.75)$
$I=558$
Basic College Mathematics (10th Edition)
by Lial, Margaret L.; Salzman, Stanley A.; Hestwood, Diana L.
Published by
Pearson
ISBN 10:
0134467795
ISBN 13:
978-0-13446-779-5
Chapter 6 - Percent - 6.7 Simple Interest - 6.7 Exercises - Page 445: 12
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