Register

Enrique takes out a student loan to pay his college tuition this year. Find the interest on the loan if he borrowed $2,500 at an annual interest rate of 6% for 15 years.

Enrique takes out a student loan to pay his college tuition this year. Find the interest on the loan if he borrowed $2,500 at an annual interest rate of 6% for 15 years.
asked 94.9k views
5 votes
Enrique takes out a student loan to pay his college tuition this year. Find the interest on the loan if he borrowed $2,500 at an annual interest rate of 6% for 15 years.

asked
User VenkyDhana
by
8.5k points

1 Answer

2 votes
2500 x 0.6 x 15 = 2250

2250
2500+
equals
4,750
Therefore, the answer is 4,750

Hope this helps

answered
User Esaruoho
by
7.3k points
← Prev Question Next Question →

Related questions

Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
Link Copied!