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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?

Verified Answer :

Christopherhp Christopherhp

20-05-2014

I=PRT

I=50,000(5/100)15
I=37,500

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