On June 1, five bills for electrical goods are sent out for the follow- ing amounts: $1,046.25, $952.40, $164.00, $1,150.00, and $518.00. On December 1 of the same year, payment is received in full, with interest at the rate of 12% per annum. What is the total amount received?
On June 1, five bills for electrical goods are sent out for the follow- ing amounts: $1,046.25, $952.40, $164.00, $1,150.00, and $518.00. On December 1 of the same year, payment is received in full, with interest at the rate of 12% per annum. What is the total amount received?
Elementary Geometry For College Students, 7e
7th Edition
ISBN:9781337614085
Author:Alexander, Daniel C.; Koeberlein, Geralyn M.
Publisher:Alexander, Daniel C.; Koeberlein, Geralyn M.
ChapterP: Preliminary Concepts
SectionP.CT: Test
Problem 1CT
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Transcribed Image Text:On June 1, five bills for electrical goods are sent out for the follow-
ing amounts: $1,046.25, $952.40, $164.00, $1,150.00, and $518.00. On
December 1 of the same year, payment is received in full, with interest
at the rate of 12% per annum. What is the total amount received?
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