ortizjoshua093 ortizjoshua093
  • 21-10-2021
  • Mathematics
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A house costs $150,000. If a loan is taken out for 15 years and the interest paid is $101,250, what is the interest rate on the loan?
A.4.5%
B.5.25%
C.5.75%
D.6.5%

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Samibot
Samibot Samibot
  • 21-10-2021

Answer:

A. 4.5%

Step-by-step explanation:

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