9. Adam took a loan of $9,000 from a bank at 6% A
simple interest. The total amount payable by him
the bank after 2 years is?
A) $10,080 B) $1,080 C) $10,100R17
D) $10,120
E) $9,280
C
Answers
Answered by
1
Answer:
Option B. $1080
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Step-by-step explanation:
Simple Interest Rate formula:
SI = (P×R×T)/100
P: Principal
R: Rate
T: Time
Princle= 9000
Rate= 6%
Time= 2year
Well,
(9000×6×2)/100
= 108000/100
= $1080
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