SOLUTION: How much interest will be charged on a student loan if $7500 is borrowed for 9 months at a 21.6% annual interest rate?

Algebra.Com
Question 893027: How much interest will be charged on a student loan if $7500 is borrowed for 9 months at a 21.6% annual interest rate?
Answer by Alan3354(69443)   (Show Source): You can put this solution on YOUR website!
How much interest will be charged on a student loan if $7500 is borrowed for 9 months at a 21.6% annual interest rate?
---------------
7500*(3/4)*0.216

RELATED QUESTIONS

How much interest will be charged on a student loan if $8000 is borrowed for 9 months at... (answered by solver91311)
How much interest is charged on a student loan if $7,500 is borrowed for 20 months at a... (answered by edjones)
Solve the problem below: a) How much interest is charged when 50,000 pesos is... (answered by Alan3354)
If $100 is borrowed and the interest after 6 months is $8, what is the annual interest... (answered by math_tutor2020)
Student loans are a hot discussion topic today both in the news and at home. Those of us... (answered by solver91311)
If an annual rate of 7.5% in simple interest is charged on a loan of $290 and no payments (answered by XOXO)
1st question: The principal P is borrowed at a simple interest rate r for a period of (answered by ikleyn)
what is the simple interest on a loan of $1200 after 9 months if the annual interest rate (answered by Cromlix)
find the simple interest on a loan of $1200 after 9 months if the annual interest rate is (answered by Cromlix)