makennalloyd200 makennalloyd200

06-12-2017
Mathematics

contestada

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

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kalililly14 kalililly14

06-12-2017

is it $900 in total or per month?

Answer Link

angicarl angicarl

06-12-2017

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

Answer Link

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