Luke borrowed $15,000 to pay his
college tuition. after he graduates, he
will repay the...
Mathematics, 08.11.2019 17:31 Elp20
Luke borrowed $15,000 to pay his
college tuition. after he graduates, he
will repay the loan along with simple
interest. after 2 years, luke will owe
a total of $17,250. what is the
simple interest rate on luke's loan?
a 5.75%
b 6.52%
c 7.25%
d 7.5%
Answers: 1
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