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Leena took out a student loan for her first year of college. She borrowed $6,000. She was charged a simple interest rate of 5%. How much will Leena owe on her loan at the end of four years?
asked
Feb 16, 2024
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Leena took out a student loan for her first year
of college. She borrowed $6,000. She was
charged a simple interest rate of 5%. How
much will Leena owe on her loan at the end of
four years?
Mathematics
high-school
Ian Eccles
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Ian Eccles
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I=prt
I=(6,000)(0.05)(4)
answer is 1,200
Lorenz Henk
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Feb 19, 2024
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Lorenz Henk
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Answer:
Explanation:
6000/100=60
60*5=300
300*4=1200
Micah Pearce
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Feb 23, 2024
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Micah Pearce
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