Ask Question
28 April, 21:28

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

+2
Answers (1)
  1. 28 April, 21:50
    0
    Simple interest

    you can charge it monthly or yearly

    find 4% and multiply by how many months or years

    4% of 900=

    0.04 times 900=36

    that is each time the interst is added

    if it is monthly, (6months so) 6 times 36=216

    if it is yearly (6months=1/2year so) 6 times 1/2=3

    if it is taken monthly, then Sam earns $216

    if it is taken yearly, then Sam earns $3
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Joe borrowed $900 from Sam for six months. How much will Sam earn if he charges Joe a simple interest rate of 4 percent? ...” 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