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5 votes
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?

User Ian Eccles
by
7.8k points

2 Answers

3 votes
I=prt
I=(6,000)(0.05)(4)
answer is 1,200
User Lorenz Henk
by
7.9k points
2 votes

Answer:

Explanation:

6000/100=60

60*5=300

300*4=1200

User Micah Pearce
by
8.4k points