Answer
$0.025x$ dollars
Work Step by Step
We convert the $2\displaystyle \frac{1}{2}\%$ interest to a decimal $= 0.025$. Then to obtain the interest for $x$ dollars we multiply:
$0.025x$ dollars in interest
College Algebra 7th Edition
by Stewart, James; Redlin, Lothar; Watson, Saleem
Published by
Brooks Cole
ISBN 10:
1305115546
ISBN 13:
978-1-30511-554-5
Chapter P, Prerequisites - Section P.9 - Modeling with Equations - P.9 Exercises - Page 70: 13
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