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Don borrowed money from the band to finish his garage. He borrowed $900 for one year. He has to pay 9% simple interest on the loan. How much interest will Don pay ?

Respuesta :

nilbert
Hi there!

Since the interest rate is 9% of the vl total coast for one year, we multiply 9% and 900 dollars.

First, we should convert 9% into a decimal so we can multiply.

9% = 0.09

Now, we multiply.

0.09 × 900 = 81

So, he will need to pay 81 dollars of interest per year.

Hope this helps!

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