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ipn [44]
3 years ago
5

Find the interest on the loan if I borrow 2500 at an annual interest rate of 6% for 15 years

Mathematics
1 answer:
kipiarov [429]3 years ago
3 0
The interest is 2250.
2500 (1+ (0.06 x 15)) = 4750 (this is principal + interest)

4750( total) - 2500 (inicial amount) = 2250
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