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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?
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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-example-1
User Robob
by
8.1k points

1 Answer

9 votes

Answer:

4410

Explanation:

7% simple interest per year for 7 years so 7x7=49

49 % to pay overall so type 49% x 9,000=4410

User Wellington Souza
by
8.7k points
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