A college student takes out a $7500 loan from a bank. What will the balance of the loan be after one year (assuming the student has not made any payments yet)
a. if bank charges 3.8% interest each year?
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Home » Mathematics » A college student takes out a $7500 loan from a bank. What will the balance of the loan be after one year (assuming the student has not made any payments yet) a. if bank charges 3.8% interest each year?