On January 1, Natalie had $15,000 in student loans outstanding. She agreed to $90 per month payments to repay these loans. From January 1 to February 14, the simple interest rates were 7.0%, but increased to 7.5% thereafter. Calculate the amount of interest paid for the month of February.
A) $87.80
B) $86.70
C) $85.60
D) $84.30
E) $83.40

Question

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The Answer of On January 1, Natalie had $15,000 in student loans outstanding. She agreed to $90 per month payments to repay these loans. From January 1 to February 14, the simple interest rates were 7.0%, but increased to 7.5% thereafter. Calculate the amount of interest paid for the month of February.
A) $87.80
B) $86.70
C) $85.60
D) $84.30
E) $83.40

On January 1, Natalie Had $15,000 in Student Loans Outstanding