Ask Question

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?

+5
Answers (1)
  1. 1 June, 08:01
    0
    Interest he will pay in 5 years is : 1200 x 9% x 5 + 1200 = 1740$
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “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? ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers