Joe borrowed $900 from sam for six months. how much will sam earn if he charges joe a simple interest rate of 4 percent?

Sam would earn $18.00 from Joe.

Step-by-step explanation:

Joe borrowed $900 from Sam for six months. Sam charges simple interest at the rate of 4%.

In this question we have to find out Interest  for 6 months with this formula.

I = Prt

I = Interest

P = Principal ( $900 )

r = rate of interest ( 4% ) in decimal

t = time in years. (1/2 yrs.)

first we convert 4% in decimal form.

4% = = 0.04

I = 900 × 0.04 ×

I = 36 ×

I = $18.00

Sam would earn $18.00 from Joe.

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step-by-step explanation: