Travis took out a six-year loan with a principal of $15,000. He made monthly payments of $225 for the entire period, at which point the loan was paid off. How much did Travis pay in interest? a. $1,200 b. $1,350 c. $800 d. $0
in a year there are 12 months in 6 years there are 72 months that means he paid a total of 72(225) = $16200 $16200 minus the original $15,000 he took out leaves us with the amount of interest he paid which is $1,200 therefore answer A is correct
