Mathematics, 20.04.2020 21:18 linaaaaa7

Robert recently discovered a forgotten student loan bill. The amount due after 10 years is

now $10,819.33. He found some old statements and determined that after 7 years the bill

was $8831.80 and after 5 years he owed $7714.03.

1. How much did Robert borrow initially?

2. Robert is planning to pay the loan in full next year. How much will he owe then?

3. What is the interest rate on Robert’s loan?

Answers: 1

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Robert recently discovered a forgotten student loan bill. The amount due after 10 years is

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