Answered

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A college student takes out a $7500 loan from a bank. Assuming the student has not started paying back the money, how much does the student owe after 1 year, if the bank charges 3.8% interest each year? after 1 year, if the bank charges 7.6% interest each year? after 2 years, if the bank charges 3.8% interest each year?​

A College Student Takes Out A 7500 Loan From A Bank Assuming The Student Has Not Started Paying Back The Money How Much Does The Student Owe After 1 Year If Th class=

Sagot :

Jonah01

Answer:

Atter 1 year 28,500

After 2 years 57,00

Step-by-step explanation:

7500 x 3.8=28,500

7500 x 7.6=57,000

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