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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
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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

User Brice Argenson
by
5.4k points

2 Answers

7 votes

Answer: A. $5,000

Explanation: Interest = Total amount paid - Amount borrowed

Interest = $25,000 - $20,000

Interest = $5,000

User FunkyPeanut
by
5.4k points
7 votes
Yeah sure 25,000$.did you get the answer?
User Sakthivel
by
5.3k points
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