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05-02-2021
Mathematics

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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 9000 from the bank at a rate of 7 simple interest per year How much interest did he pay in 7 years class=

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05-02-2021

Answer:

4410

Step-by-step explanation:

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

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

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