If a sum of $15,000 is borrowed at 13% for a year, the interest paid by the borrower is ________.

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If a sum of $15,000 is borrowed at 13% for a year, the interest paid by the borrower is ________.

If a sum of $15,000 is borrowed at 13% for a year, the interest paid by the borrower is ________.
A) $750
B) $1,000
C) $1,950
D) $5,500

Textbook

Microeconomics

Edition: 1^st

Authors: Acemoglu, Laibson, List

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