Answer: $ 47,478.75
Step-by-step explanation:
Formula: Interest = Principal x rate x time.
As per given: Principal amount = $33,000
Rate of interest = 6.75 percent = 0.0675 [To convert in decimal divide it by 100]
Time = 6.5 years
∴ Interest = (33000)× (0.0675)×(6.5)
=$ 14,478.75
Total amount need to pay = Principal+ Interest
= $ ( 33,000 +14,478.75)
= $ 47,478.75
∴ She will pay all together = $ 47,478.75
