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

asked Mar 12, 2018 26.6k views

5 votes

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6 votes

Sam will earn $936.
This can be found by
1. Multiplying 900 by.04 (4% divided by 100) to get 36
2. Addind 900 and 36 to get 936

Rohit Shinde answered Mar 14, 2018

8.7k points

3 votes

is it $900 in total or per month?

K L answered Mar 17, 2018

by K L

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