race borrows $135,000 at a yearly simple interest rate of 4.5%. How much less would she pay if she pays the loan off in 15 years rather than in 30 years?

$226,125

Step-by-step explanation:

the annual percentage rate is $6,075 (135,000×.045)

multiply $6,075 for 15 years = $91,125

add $135,000 (amount borrowed) and $91,125 (amount of interest) = $226,125

squares, rhombus, rectangles

soo this can be solve by using the formula:

f = p( 1 + i)^ n

where f is the future profit

p is the initial profit

i is the percent increase

n is the number of years

a . f = 30000 ( 1.05)^n

b. f = 30000 ( 1.05)^15

f = $62,368