Question: Omar borrows AED 2 , 0 0 0 , 0 0 0 to be repaid over 1 5 years at 6 % interest rate annually.

Omar borrows AED 2,000,000 to be repaid over 15 years at 6% interest rate annually. Calculate the total interest paid.
[hint: loan with instalments]
$5,088,882.92
$4,125.220.75
$6,425,475,55
$8,555,177,50

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