# regent business.docx - NAME MATH125 Unit 2 Submission...

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3. Suppose you forget about the bill and pay it 1 day late. How much interest do you pay if the store charges you simple interest? Because this is a dollar value, round your answer to the nearest cent. (Assume t = 3 years.) Interest, I \$2160 Show and explain your work here: (5 points) I = P R T P = \$ 6000, R = 12 ,T = 3 years I = 6000 0.12 3 = 2160 4. How much is your total bill—the total value of the appliances plus the interest? Round your answer to the nearest cent.
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