Lolita borrowed $1450 from a relative. She promised to return it after 63 days at 7.2% interest. What is the exact simple interest that shall be paid? Round your answer to the nearest hundredths (2 decimal places).

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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2. Lolita borrowed $1450 from a relative. She promised to return it after 63 days at 7.2% interest. What is
the exact simple interest that shall be paid? Round your answer to the nearest hundredths (2 decimal
places).
Transcribed Image Text:2. Lolita borrowed $1450 from a relative. She promised to return it after 63 days at 7.2% interest. What is the exact simple interest that shall be paid? Round your answer to the nearest hundredths (2 decimal places).
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