![Glencoe Math Accelerated, Student Edition](https://www.bartleby.com/isbn_cover_images/9780076637980/9780076637980_smallCoverImage.jpg)
Concept explainers
To calculate the simple interest.
![Check Mark](/static/check-mark.png)
Answer to Problem 45CR
$251.7
Explanation of Solution
Given:
Principal: $575
Time: 7 years
Rate of interest: 6.25%
Formula used:
Simple interest,
Where
I is the simple interest
p is the principal
r is the rate of interest
t is the time
Calculation:
The rate of interest is 6.25%.
Therefore, this can be
Using the given formula and substituting the given values,
Rounding the Interest to the nearest cent (cent = hundred),
Conclusion:
Therefore, the simple interest is $251.7.
Chapter 6 Solutions
Glencoe Math Accelerated, Student Edition
Additional Math Textbook Solutions
Calculus: Early Transcendentals (3rd Edition)
Thomas' Calculus: Early Transcendentals (14th Edition)
Precalculus (10th Edition)
Calculus and Its Applications (11th Edition)
University Calculus: Early Transcendentals (4th Edition)
- Calculus: Early TranscendentalsCalculusISBN:9781285741550Author:James StewartPublisher:Cengage LearningThomas' Calculus (14th Edition)CalculusISBN:9780134438986Author:Joel R. Hass, Christopher E. Heil, Maurice D. WeirPublisher:PEARSONCalculus: Early Transcendentals (3rd Edition)CalculusISBN:9780134763644Author:William L. Briggs, Lyle Cochran, Bernard Gillett, Eric SchulzPublisher:PEARSON
- Calculus: Early TranscendentalsCalculusISBN:9781319050740Author:Jon Rogawski, Colin Adams, Robert FranzosaPublisher:W. H. FreemanCalculus: Early Transcendental FunctionsCalculusISBN:9781337552516Author:Ron Larson, Bruce H. EdwardsPublisher:Cengage Learning
![Text book image](https://www.bartleby.com/isbn_cover_images/9781285741550/9781285741550_smallCoverImage.gif)
![Text book image](https://www.bartleby.com/isbn_cover_images/9780134438986/9780134438986_smallCoverImage.gif)
![Text book image](https://www.bartleby.com/isbn_cover_images/9780134763644/9780134763644_smallCoverImage.gif)
![Text book image](https://www.bartleby.com/isbn_cover_images/9781319050740/9781319050740_smallCoverImage.gif)
![Text book image](https://www.bartleby.com/isbn_cover_images/9780135189405/9780135189405_smallCoverImage.gif)
![Text book image](https://www.bartleby.com/isbn_cover_images/9781337552516/9781337552516_smallCoverImage.gif)