167,023 views
38 votes
38 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 Saxoier
by
2.3k points

1 Answer

21 votes
21 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 Mrgou
by
3.1k points