marinette101 marinette101

30-01-2018
Mathematics

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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

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kpope2009 kpope2009

30-01-2018

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

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