carliescarmardo carliescarmardo

24-03-2020
Mathematics

contestada

Like borrowed $15,000 to pay his college tuition. Aftershocks graduates he will repay the loan along with simple interest. After two years Luke will owe a total of $17,250. What is the simple interest rate on Luke’s loan

Respuesta :

trevorandrewblandfor trevorandrewblandfor

24-03-2020

Answer:

7.5%

Step-by-step explanation:

17,250-15,000=2,250

2,250/2=1,125

1,125= 7.5%

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