Ask Question
19 December, 06:53

Jake received a student loan for $12,000. He plans on paying off the loan in 5 years. At the end of 5 years, Jake will have paid $3,600 in interest. What is the simple interest rate on the student loan?

+4
Answers (1)
  1. 19 December, 07:28
    0
    7th ggdvb geeks Russell scours
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Jake received a student loan for $12,000. He plans on paying off the loan in 5 years. At the end of 5 years, Jake will have paid $3,600 in ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers