Luis lent $5,300 at 3.00% p.a. on March 15, 2014. Calculate the amount of interest she would receive on May 24, 2014. Round to the nearest cent

Elementary Algebra
17th Edition
ISBN:9780998625713
Author:Lynn Marecek, MaryAnne Anthony-Smith
Publisher:Lynn Marecek, MaryAnne Anthony-Smith
Chapter3: Math Models
Section: Chapter Questions
Problem 430PT: Melinda deposited $5,985 in a bank account with an interest rate of 1.9%. How much interest was...
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Luis lent $5,300 at 3.00% p.a. on March 15, 2014. Calculate the amount of interest she
would receive on May 24, 2014.
Round to the nearest cent
Transcribed Image Text:Luis lent $5,300 at 3.00% p.a. on March 15, 2014. Calculate the amount of interest she would receive on May 24, 2014. Round to the nearest cent
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