Mathematics

10 April, 09:13

Kate took out a subsidized Stafford loan worth $9,710 to pay for college. The interest rate on the loan was 5.9%, compounded monthly. It took Kate 5 years to pay off the loan after graduation. What portion of the total amount she paid represented the interest?

+2

Answers (1)

Know the Answer?

Not Sure About the Answer?

Find an answer to your question 👍 “Kate took out a subsidized Stafford loan worth $9,710 to pay for college. The interest rate on the loan was 5.9%, compounded monthly. It ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.

Search for Other Answers

You Might be Interested in

On a road map of pennselvania the distance from philedephia to washington DC is 6.8 centimaters. The map scale is 2cm:40mi. What is the actual distance between the cities

Measure the length of top of your desk in centimeters. Describe how you found the length.

Factor completely 49x2 - 81. a. (7x 9) 2 b. (7x - 9) 2 c. (7x 9) (7x - 9) d. 7x - 9

The population of Minnesota in thousands, t years since 2000 can be represented by P=37t+4934. A) Determine the P-intercept and explain its meaning in terms of the problem. B) Determine the t-intercept and explain its meaning in terms of the problem.

1. The sum of 4 and three times a number is 19 2. the difference of twice a number and 7 is 9 3. Ten less the quotient of a number and 3 is 6 4. five times the sum of a number and 4 is - 15 (I have to write and solve it to find the number)

New Questions in Mathematics

The product of j and 160, decreased by 289 is the same as n

Why do we use cubes instead of squares to measure the volume of a rectangular prism?

The equation y=0.5x represents the distance henry hikes in miles per hour. The graph represents the rate of that Clark hikes. Determine which hiker is faster. Explain.

A) Calculate an estimate for the mean height of the students. 129.3 cm b) Explain why your answer to part (a) is an estimate.

Keisha says that 36 is a factor of18. Robert says 36 is a multiple of18. Who is correct?