Jack takes out a student loan for $6,000 at a simple interest rate of 11.3% per year. How much total
interest will Jack owe at the end of 6 years? Assume he does not make any payments during that time?

Respuesta :

Answer:

$10,068

Step-by-step explanation:

Step-by-step explanation:

6000

100+11.3÷100=1.113

6000x1.113(^6)

=

11405.71

or 11405.70