Sam has a loan for $1200 at a rate of 9% annually. How much interest will he pay in 5 years? A) $54.40 B) $108.00 Eliminate C) $540.00 D) $1740.00

Rivare asked Sep 27, 2022

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Rivare asked Sep 27, 2022

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6 votes

Answer:

Explanation:

interest = loan x interest x time

1200 x 0.09 x 5 = $540

The Hutt answered Oct 2, 2022

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