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Lesechka [4]
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]2 years ago
8 0

Answer:

$13,125

Step-by-step explanation:

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