4 years ago

Joe borrowed $900 from Sam for six months. How much will Sam earn if he charges Joe a simple interest rate of 4 percent?

2 answers:

6 0

Sam will earn $936.
This can be found by
1. Multiplying 900 by.04 (4% divided by 100) to get 36
2. Addind 900 and 36 to get 936

Vikentia [17]4 years ago

3 0

is it $900 in total or per month?

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