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2) Ruth borrows $440 at 0.6% simple interest per month. When
Ruth pays the loan back 4 years later, how much interest does
Ruth pay?

Respuesta :

leelo0212

Answer:

$10.56

Step-by-step explanation:

First, converting R percent to r a decimal

r = R/100 = 0.6%/100 = 0.006 per year,

then, solving our equation

I = 440 × 0.006 × 4 = 10.56

I = $ 10.56

The simple interest accumulated

on a principal of $ 440.00

at a rate of 0.6% per year

for 4 years is $ 10.56.

reactionreactionandm

Answer:

450.56

Step-by-step

440 x 0.006 x 4 + 440 =450.56

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