Lilly owes $52,000 in a student loans for college. If the loan will be repaid in 5.5 years and the interest rate charged is 6.75%, then how much will she pay altogether ?

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asked Oct 6, 2018 227k views

4 votes

Lilly owes $52,000 in a student loans for college. If the loan will be repaid in 5.5 years and the interest rate charged is 6.75%, then how much will she pay altogether ?

Mathematics
high-school

Vinanghinguyen asked

by Vinanghinguyen

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1 Answer

5 votes

I=prt
I=52000*0.0675*5.5=19305
So she will pay 52000+19305=71305

Brennan Mann answered Oct 12, 2018

by Brennan Mann

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