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Jake received a student loan for $12,000. He plans on paying off the loan and five years. At the end of five years, Jake will paid $3600 in interest. What is the simplest interest rate on the student loan?
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Jake received a student loan for $12,000. He plans on paying off the loan and five years. At the end of five years, Jake will paid $3600 in interest. What is the simplest interest rate on the student loan?

User Pawel Decowski
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8.0k points

1 Answer

7 votes
8000 dollars is the answer I think it is
User Giesburts
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