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 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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