Caitlyn took out a $36,000 student loan with a fixed interest rate to pay for college....
Caitlyn took out a $36,000 student loan with a fixed interest rate to pay for college. Caitlyn did not make payments on her loan for a period of 9 years. After this time period interest had accrued, resulting in the loan balance increasing to $63,000.
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What is is the 9-year growth factor for the amount that Caitlyn owes on the loan?
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What is the 9-year percent change for the amount that Caitlyn owes on the loan?
%
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What is is the 1-year growth factor for the amount that Caitlyn owes on the loan?
-
What is the 1-year percent change for the amount that Caitlyn owes on the loan?
%
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