: The average student college loan rate is 4%. You borrowed $18,000 per year for 4 years for tuition, room, & board. If the

Question

3 years ago

5

: The average student college loan rate is 4%. You borrowed $18,000 per year for 4 years for tuition, room, & board. If the

interest is computed as simple interest, annually, how much interest will you owe when you graduate. Assume 4 years interest on the freshman year loan, 3 years on the sophomore loan, 2 years on the junior loan, and 1 year on the senior loan.

Mathematics

1 answer:

gregori [183] · Answer 1 · 2022-07-07T01:13:16+03:00

gregori [183]3 years ago

7 0

Answer: A) 7,200

Step-by-step explanation: