Sam has a loan for $1200 at a rate of 9% annually. If the interest is not compounded, how much interest will he pay in 5 years? A) $54.40 B) $108.00 C) $540.00 D) $1740.00

Sam has a loan for $1200 at a rate of 9% annually. If the interest is not compounded, how much interest will he pay in 5 years? A) $54.40 B) $108.00 C) $540.00 D) $1740.00

asked Jan 14, 2019 216k views

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