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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? A. $300 B. $30,000 C. $6,000
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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? A. $300 B. $30,000 C. $6,000 D. $300,000

User Secretshardul
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Answer is B. Need an explanation?
User Fredlahde
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