Final answer:
The interest that will accrue in 1 year on a $4,000 subsidized student loan with a 3% interest rate is $120.
Step-by-step explanation:
To calculate the amount of interest that will accrue in 1 year on a subsidized student loan, we need to use the formula:
Interest = Principal * InterestRate * Time
The principal is $4,000, the interest rate is 3%, and the time is 1 year. Plugging these values into the formula, we get:
Interest = $4,000 * 0.03 * 1 = $120
So, the interest that will accrue in 1 year on a $4,000 subsidized student loan with a 3% interest rate is $120.