SlayBabyJ SlayBabyJ

08-03-2017
Mathematics

contestada

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?

Respuesta :

devishri1977 devishri1977

06-01-2020

Answer:

Step-by-step explanation:

Interest = 1200 * 5 * 9 /100

= 12 * 5 * 9 = $540

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