If Regi took out $26827 student loan at a 9% APR., how much interest will he...

Question

Question

Answer 1

Answer #1

Formula to calculate interest on loan
Interest on loan	Loan amount*Interest rate

Calculation of interest charged on loan
Interest on loan	26827*9%
Interest on loan	$2,414.43

Thus, interest charged on loan after one year would be $2,414.43

Answer 2

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