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Dennis takes out a student loan to pay for his college tuition. Find the interest on the loan if he borrowed $17,500 at an annual rate of 9% for 15 years.

Dennis takes out a student loan to pay for his college tuition. Find the interest on the loan if he borrowed $17,500 at an annual rate of 9% for 15 years.
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Dennis takes out a student loan to pay for his college tuition. Find the interest on the loan if he borrowed $17,500 at an annual rate of 9% for 15 years.

User Max Ferreira
by
8.6k points

1 Answer

1 vote

Answer:

£23625

Explanation:

9% of 17500=1575

1575×15=23625

User Yarik Dot
by
8.2k points
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