Seudónimo Seudónimo
  • 13-12-2016
  • Mathematics
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Tonya took out a loan to help pay for her house. She borrowed $40,000 for 15 years at a yearly simple interest rate of 5%. How much interest will she end up paying the bank?

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lexiebrown212
lexiebrown212 lexiebrown212
  • 13-12-2016
i may be wrong but it could be 30,000.
Answer Link
mysticmama mysticmama
  • 13-12-2016
40,000*0.05= 2,000
2,000*15=
30,000
Answer Link

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