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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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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 ?

User Vinanghinguyen
by
7.9k points

1 Answer

5 votes
I=prt
I=52000*0.0675*5.5=19305
So she will pay 52000+19305=71305
User Brennan Mann
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8.7k points
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