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allochka39001 [22]
3 years ago
5

Maggie is taking out a student loan for $2,600. She plans on paying off the loan in 3 years. At the end of the 3 years, Maggie w

ill have paid $390 in interest. What is the simple interest rate on the student loan?
PLEASE HELP!! THIS IS DUE TONIGHT
Mathematics
1 answer:
lukranit [14]3 years ago
6 0

Answer: 15%

Step-by-step explanation:

x is the simple interest rate

2,600 * X = 390

390 / 2,600=

15%

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