Answer
$1\frac{1}{4}, 1.25$
Work Step by Step
Put the months over 12, simplify the fraction, then divide the fraction to turn into a decimal.
$\frac{15}{12}=\frac{5}{4}=1\frac{1}{4}=1.25$
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: 16
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