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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
Mathematics
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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