Answer
Nicholas will earn $277.50 in interest.
Work Step by Step
interest=principle*rate*time
$i=(14,800)(0.0225)(\frac{10}{12}) = (333)(\frac{10}{12}) = \frac{333\times10}{12}) = \frac{3330}{12} = 277.50$
Basic College Mathematics (9th Edition)
by Lial, Margaret L.; Salzman, Stanley A.; Hestwood, Diana L.
Published by
Pearson
ISBN 10:
0321825535
ISBN 13:
978-0-32182-553-7
Chapter 6 - Percent - 6.7 Simple Interest - 6.7 Exercises - Page 450: 43
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