Solve.$56,000 is borrowed to buy a house. If the simple interest rate on the 30-year loan is 6.25%, find the total amount paid on the loan.
A. $66,500.00
B. $1,050,000.00
C. $105,000.00
D. $161,000.00
Answer: D
Mathematics
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B. 
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C. 
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D. 
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