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Luke borrowed $15,000 to pay his college tuition. After he graduates, he will repay the loan along with simple interest. After 2 years, Luke will owe a total of $17,250. What is the simple interest rate
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3 votes
Luke borrowed $15,000 to pay his

college tuition. After he graduates, he
will repay the loan along with simple
interest. After 2 years, Luke will owe
a total of $17,250. What is the
simple interest rate on Luke's loan?
A 5.75%
B 6.52%
C 7.25%
D 7.5%

User Ta Sas
by
6.1k points

1 Answer

6 votes

Answer:

C I’m not sure

Explanation:

User Will Ediger
by
6.2k points
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