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12 April, 22:27

Luke borrowed $15,000 to pay his

college tuition. After he graduates, he

will repay the loan along with simple

interest. After 2 years, Luke will owe

a total of $17,250. What is the

simple interest rate on Luke's loan?

A 5.75%

B 6.52%

C 7.25%

D 7.5%

+2
Answers (1)
  1. 12 April, 22:34
    0
    C I'm not sure
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