Question

A student borrows $20,000 from a bank but ends up paying $25,000 on the

loan over the next five years. How much interest did the student pay?
A. $5,000
B. $45,000
C. $25,000
D. $20,000

Answer 1

Answer: A. $5,000

Explanation: Interest = Total amount paid - Amount borrowed

Interest = $25,000 - $20,000

Interest = $5,000

Answer 2

Yeah sure 25,000$.did you get the answer?