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Tonya took out a loan to help pay for her house she borrowed $60,000 for 15 years or yearly simple interest rate of 5% how much interest will she end up paying the bank

Tonya took out a loan to help pay for her house she borrowed $60,000 for 15 years or yearly simple interest rate of 5% how much interest will she end up paying the bank
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Tonya took out a loan to help pay for her house she borrowed $60,000 for 15 years or yearly simple interest rate of 5% how much interest will she end up paying the bank

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User Kosoant
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8.1k points

1 Answer

2 votes
She will end up paying the bank $45000 in interest.
answered
User Abedfar
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8.4k points
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