Register

Joe borrowed $9,000 from the bank at a rate of 7% simple interest per year. How much interest did he pay in 7 years?

Joe borrowed $9,000 from the bank at a rate of 7% simple interest per year. How much interest did he pay in 7 years?
136k views
15 votes
Joe borrowed $9,000 from the bank at a rate of 7% simple interest per year. How much interest did he pay in 7 years?

User Mirian
by
8.2k points

1 Answer

11 votes
$14,452.03

9k with a 7% interest for 7 years is + 5,452 dollars and 3 cents.
Joe borrowed $9,000 from the bank at a rate of 7% simple interest per year. How much-example-1
User James Elliott
by
7.8k points
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
Link Copied!