Respuesta :
Hello my names Keenan :)
unsecured credit and most student can only pay it several years after they got their job,
So the rate multiplier for average credit rating would be:
7.80 %
unsecured credit and most student can only pay it several years after they got their job,
So the rate multiplier for average credit rating would be:
7.80 %
Answer with explanation:
Amount of Loan taken by a student = $ 12674.00
Points kept in mind while approving a loan
→The ratio of Debt to income should not be more than 36%.
→Average credit score ,for approving a loan = 780
Credit Score tells us about an individual,How well he or she is in payments of debts, loans or mortgages.
Average Credit rating (for Student loan)=780
Rate Multiplier in i=p r t, formula, can be obtained by
[tex]r=\frac{\text{Average Credit rating (for Student loan)}}{100}\\\\ r=\frac{780}{100}=7.80[/tex]
Option B: 7.80
