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Don borrowed money from the bank to finish his garage. he borrowed 900 dollars for one year. he has to pay 9% simple interest in loan

Don borrowed money from the bank to finish his garage. he borrowed 900 dollars for one year. he has to pay 9% simple interest in loan
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1 vote
Don borrowed money from the bank to finish his garage. he borrowed 900 dollars for one year. he has to pay 9% simple interest in loan

User Chessofnerd
by
8.5k points

1 Answer

1 vote
I =Prt

I = ?

P= 900

R= 0.09

T = 1

I = 900(0.09)(1)

I = 81

Don has to pay $81 dollars SI in his loan
User Neils
by
7.9k points
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