Question
ted takes out a student loan to pay for his college tuition this year. Find the interest on the loan if he borrowed $2,500 at an annual interest rate of 6% for 15 years. Could someone help step by step, I cant seem to get it. Thank you
Answers
Ms. Sue
I = PRT
I = 2,500 * 0.06 * 15
I = ?
I = 2,500 * 0.06 * 15
I = ?
sam
I get 2,250. Thank you Ms. Sue for making it easy to understand.
Ms. Sue
You're welcome, Sam.