5. Joe borrowed $700 from his parents to buy an iphone. They charged him 2.5% simple interest. He paid them back in 14 months. How much interest did he pay them? How much did he pay them in total? 6. What is the amount of an investment if $750 is invested at 2.45% interest compounded monthly for 3 years?

5. Joe borrowed $700 from his parents to buy an iphone. They charged him 2.5% simple interest. He paid them back in 14 months. How much interest did he pay them? How much did he pay them in total? 6. What is the amount of an investment if $750 is invested at 2.45% interest compounded monthly for 3 years?

Algebra and Trigonometry (6th Edition)

6th Edition

ISBN:9780134463216

Author:Robert F. Blitzer

Publisher:Robert F. Blitzer

ChapterP: Prerequisites: Fundamental Concepts Of Algebra

Section: Chapter Questions

Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...

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