Rikki borrowed $2500 from her daughter, Lynette. She repaid the $2500 at the end of 2 years.

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Rikki borrowed $2500 from her daughter, Lynette. She repaid the $2500 at the end of 2 years. If Lynette had left the money in a bank account that paid an interest rate of 1.5% compounded monthly, how much interest would she have accumulated?

If necessary, round all dollar figures to the nearest cent and round percents to the nearest hundredth of a percent.

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A Survey Of Mathematics With Applications

ISBN: 9780135740460

11th Edition

Authors: Allen R. Angel, Christine D. Abbott, Dennis Runde

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