dumbest dumbest

25-02-2018
Mathematics

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find the interest on the loan if I borrow 2500 at an annual interest rate of 6% for 15 years

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cosmoweltp3prnc cosmoweltp3prnc

25-02-2018

The interest is 2250.
2500 (1+ (0.06 x 15)) = 4750 (this is principal + interest)

4750( total) - 2500 (inicial amount) = 2250

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