Enrique 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.
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Answer:
Step-by-step explanation:
principal=$2500
rate=6%
tenure=15years
Interest=principal*rate*tenure/100
=2500*6*15/100
=$2250
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