Solve.$70,000 is borrowed to buy a house. If the simple interest rate on the 15-years loan is 12.25%, find the total amount paid on the loan.
A. $198,625.00
B. $1,286,250.00
C. $82,862.50
D. $128,625.00
Answer: A
Mathematics
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= 
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= 
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= 
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