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Vedmedyk [2.9K]

3 years ago

5

Tonya took out a loan to help pay for her house. She borrowed $70,000 for 15 years at a yearly simple interest rate of 5%. How m

uch interest will she end up paying the bank?
A.
$525,000
B.
$525
C.
$52,500
D.
$10,500
15 POINTS PLEASE ANSWER THIS

1 answer:

saveliy_v [14]3 years ago

8 0

Option C is correct.

$70000 \times 15 \times 5 \div 100 \\ \\$
SI =P×R×T÷100

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