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  • 20-05-2014
  • Mathematics
Answered

Tonya took out a loan to help pay for her house. She borrowed $50,000 for 15 years at a yearly simple interest rate of 5%. How much interest will she end up paying the bank?



Answer :

Christopherhp Christopherhp
  • 20-05-2014
I=PRT

I=50,000(5/100)15
I=37,500 
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