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Sladkaya [172]
3 years ago
13

Sam borrowed $4,500 for 2 years and had to pay $630 simple interest at the end of

Mathematics
1 answer:
SSSSS [86.1K]3 years ago
3 0
7% interest rate. He borrowed 4500 for two years. The total amount he had to pay additional in interest was 630. 4500x7% is $315. But since it was 2 years you would do 315x2 which equals 630 which was the amount he ended up paying additional for the two years.
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7nadin3 [17]

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therefore,

4x = 4x12= 48

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7x= 7x12= 84

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Neporo4naja [7]
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