After four years in college, Josie owes $9500 in student loans. The interest rate on the federal loans is 11% and the rate on the private bank loans is 7%. The total interest she owed for one year was

asked Dec 24, 2021 31.7k views

5 votes

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7 votes

Explanation:

federal= $4180

(9500*0.11*4)

private=$2660

(9500*0.07*4)

Elibud answered Dec 28, 2021

4.4k points

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