romana0425 romana0425

06-03-2018
Mathematics

contestada

Jake received a student loan for $12000. He plans on paying off the loan in 5 years. At the end of 5 years jake will have paid $3,600 in interest. What is the simple interest rate on the student loan?

Respuesta :

alishedd83 alishedd83

12-03-2018

I believe the answer would be 30%.

Hope this helps ;}

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