You and your family are planning a vacation of a lifetime around the world that will cost $25,000. You borrowed this amount from

Question

2 years ago

9

You and your family are planning a vacation of a lifetime around the world that will cost $25,000. You borrowed this amount from

your bank with an annual interest rate of 10.5%. You decided to pay it back in 5 years. What is the interest that will accrue on this loan?
$3,125.00

$131,250

$13,125.00

$312.50

Mathematics

1 answer:

labwork [276] · Answer 1 · 2022-11-05T17:32:59+03:00

labwork [276]2 years ago

8 0

Answer:

$13,125

Step-by-step explanation: