Question

Jenna borrows $8,000 for college at a yearly simple interest rate of 6%. She takes 15 years to pay off the loan and interest. How much internet does she pay? What is the total amount she pays?

Answer 1

a)7200/= b)15200/=

Explanation:

8000×6/100%×15=7200

so 7200/= is the intrest she'll pay

for total amount you'll add 7200 to8000=15200/=