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Eva borrows $6000 to pay for her college expenses. She plans to repay the simple interest loan in five years. If Eva repays a total of $8,187.50, what is the interest rate? A)0.07% B)7.29% C)27.3% D) Not
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Eva borrows $6000 to pay for her college expenses. She plans to repay the simple interest loan in five years. If Eva repays a total of $8,187.50, what is the interest rate?

A)0.07%

B)7.29%

C)27.3%

D) Not Enough Information

User Neblaz
by
8.4k points

1 Answer

2 votes
D not enough information
is the correct answer
User Marol
by
7.8k points
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