Ask Question
10 September, 21:29

Sam has a loan for $1200 at a rate of 9% annually. How much interest will he pay in 5 years?

+4
Answers (2)
  1. 10 September, 21:30
    0
    Interest: $450

    Step-by-step explanation:

    Hint: I=prt

    p=1200

    r=9% or 0.09

    t=time in years

    1. 1200x0.09x5

    2. 108x5

    3. 450
  2. 10 September, 21:57
    0
    Sam will pay $540 as intrest of $1200 @of9% annually in 5 years.
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. 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