Question 24 Not yet answered Marked out of 1.00 Flag question say a student obtains a simple-interest loan to pay one year of college tuition, which costs $18,000, and the annual interest rate on the loan is 6%. The student repays the loan over three years. The amount of simple interest paid is: Select one: a. 3240$ O b. 5000$ c. 21240$ d. 23000$