# SOLUTION: Solve the problem: To finance her community college education, Joanna takes out a stafford loan for \$4500. After one year, Joanna decides to pay off the interst which is 8% of \$4

Algebra ->  Algebra  -> Numeric Fractions Calculators, Lesson and Practice -> SOLUTION: Solve the problem: To finance her community college education, Joanna takes out a stafford loan for \$4500. After one year, Joanna decides to pay off the interst which is 8% of \$4      Log On

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 Algebra: Numeric Fractions Solvers Lessons Answers archive Quiz In Depth

 Click here to see ALL problems on Numeric Fractions Question 594054: Solve the problem: To finance her community college education, Joanna takes out a stafford loan for \$4500. After one year, Joanna decides to pay off the interst which is 8% of \$4500. How much will she pay?Answer by ExplanationCentral(10)   (Show Source): You can put this solution on YOUR website!The equation is 4500*0.08 = 360 is the interest she will pay.