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?

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?

asked Sep 28, 2017 169k views

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