Register

Billy took out a 15 year loan with a principal of $25,000. He made monthly payments of $250 for the entire period, at which point the loan was paid off. How much did Sam pay in …

Billy took out a 15 year loan with a principal of $25,000. He made monthly payments of $250 for the entire period, at which point the loan was paid off. How much did Sam pay in …
89.4k views
12 votes
Billy took out a 15 year loan with a principal of $25,000. He made monthly payments of $250 for the entire period, at which point the loan was paid off. How much did Sam pay in interest?

1. $20,000
2. $40,000
3. $30,000
4. $10,000

User Rveach
by
7.6k points

2 Answers

11 votes

Answer:

3. $30,000

Explanation:

User Tomasz Janek
by
7.7k points
12 votes

Answer:

The awnser is #3

User Boern
by
8.9k points
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
Link Copied!