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?

asked Nov 26, 2018 12.4k views

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1 vote

Answer:

Explanation:

Interest = 1200 * 5 * 9 /100

= 12 * 5 * 9 = $540

Ronak Joshi answered Nov 30, 2018

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