Basic College Mathematics (9th Edition)

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: 47

Answer

(a) The interest is 222.75 dollars. (b) The total in the account is 5622.75 dollars.

Work Step by Step

interest = principle * rate * time $i=(5400)(0.0275)(1.5) = (148.50)(1.5)= 222.75$ total = principle + interest $t=5400+222.75=5622.75$
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