Question

Until June 2002, the simple interest rate on Stafford loans to college students was 5.39% while the student was still in college. How much interest would a student pay on a $1,500 loan for 2 years?
a. $159
b. $177
c. $161.70
d. $171.50

Answer 1

@sky577

Answer 2

@texaschic101

Answer 3

c 161.70

Answer 4

I = PRT
I = 1500(.0539)(2)
I = 161.70

Answer 5

sky...you should at least show how you got the answer

Answer 6

ok sorry @texaschic101

Answer 7

. thankssss youu guys

Answer 8

don't worry...I am not a moderator or anything...I just got suspended before for doing exactly what you are doing

Answer 9

ok

Answer 10

so youu can get suspended for not showing your work

Answer 11

yes.....I got suspended for giving answers....just answers, with no work or explanations.

Answer 12

. oh okayy sorry