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2 years ago

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Sam has a loan for $1200 at a rate of 9% annually. If the interest is not compounded, how much interest will he pay in 5 years?

A) $54.40 B) $108.00 C) $540.00 D) $1740.00

1 answer:

Thepotemich [5.8K]2 years ago

4 0

Interest he will pay in 5 years is : 1200 x 9% x 5 + 1200 = 1740$

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3 years ago

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ankoles [38]

<h3>hello!</h3>

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<em>A negative times a negative is a </em><em>positive...</em>

-6 is another solution of this equation! :)

Hence, the answers are:-

$\boxed{\boxed{\bold{x=6; ~x=-6}}}$

<h3>note:-</h3>

Hope everything is clear; if you need any explanation/clarification, kindly let me know, and I will comment and/or edit my answer :)

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Answer:

For my answer what I got was -118

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