SOLUTION: Sue got a student loan for $12,000 at 5.4% annual simple interest. How much does she owe after one year? How much interest will she pay

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Question 1075374: Sue got a student loan for $12,000 at 5.4% annual simple interest. How much
does she owe after one year? How much interest will she pay
Answer by jorel1380(3719) About Me  (Show Source):
You can put this solution on YOUR website!
12000 x 1.054=$12648 due at the end of one year. She owes $648 in interest. ☺☺☺☺