Anonymous Anonymous

05-01-2017
Mathematics

Answered

Tonya took out a loan to help pay for her house. She borrowed $40,000 for 15 years at a yearly simple interest rate of 5%. How much interest will she end up paying the bank? A. $300 B. $30,000 C. $6,000 D. $300,000

Verified Answer :

DerpyPusheenCat DerpyPusheenCat

05-01-2017

Answer is B. Need an explanation?

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