Answer
The penalty is $87.88.
Work Step by Step
interest = principle * rate * time
$i = (1900)(.0925)(\frac{6}{12}) = (175.75)(0.5) = 87.88$
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: 46
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