Answer
The total amount due is $5665.
Work Step by Step
interest=principle*rate*time
$i=(5500)(0.04)(\frac{9}{12}) = (220)(0.75) = 165$
total due = principle + interest
$t=5500+165=5665$
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 448: 42
Update this answer!
You can help us out by revising, improving and updating this answer.
Update this answerAfter you claim an answer you’ll have 24 hours to send in a draft. An editor will review the submission and either publish your submission or provide feedback.
