asked 65.7k views
3 votes
Tonya took out a loan to help pay for her house. She borrowed $30,000 for 15 years at a yearly simple interest rate of 5%. How much interest will she end up paying the bank?

asked
User Stumblor
by
8.0k points

1 Answer

5 votes
Interest=30,000×0.05×15=22,500
answered
User Esdef
by
7.6k points
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