001472551 001472551
  • 13-11-2020
  • Mathematics
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What is the interest you will pay if you borrowed $900 at 10% interest for 2 years?

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janiceminjaofficial
janiceminjaofficial janiceminjaofficial
  • 15-11-2020

Answer:

$180

Step-by-step explanation:

Simple interest formula:

I = R x T x P divided by 100

=(900 x 2 x 10) / 100

=18000 / 100 = 180

=$180

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