Karen has borrowed $12 000 in student loans at an annual interest rate of 9%.If she repays $1500 per annum,how long (to the nearest year)will it take to repay the loan?
A)10 years
B)15 years
C)12 years
D)17 years

Question

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The Answer of Karen has borrowed $12 000 in student loans at an annual interest rate of 9%.If she repays $1500 per annum,how long (to the nearest year)will it take to repay the loan?
A)10 years
B)15 years
C)12 years
D)17 years

Karen Has Borrowed $12 000 in Student Loans at an Annual