Register

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

Joe borrowed $900 from Sam for six months. How much will Sam earn if he charges Joe a simple interest rate of 4 percent?
26.6k views
5 votes
Joe borrowed $900 from Sam for six months. How much will Sam earn if he charges Joe a simple interest rate of 4 percent?

User Marilynn
by
7.5k points

2 Answers

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
User Rohit Shinde
by
8.7k points
3 votes

is it $900 in total or per month?


User K L
by
8.8k 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!