Find the amount of ​interest​ if you are paying 4.5% interest on a $25,000 loan for 5 years.

I = PRT

I = 25,000 * 0.045 * 5

To find the amount of interest on a loan, you can use the formula:

Interest = Principal * Rate * Time

In this case, the principal is $25,000, the interest rate is 4.5% (or 0.045 in decimal form), and the time is 5 years.

So, let's plug in the values into the formula:

Interest = $25,000 * 0.045 * 5

Calculating this, we get:

Interest = $5,625

Therefore, the amount of interest you will pay on a $25,000 loan with a 4.5% interest rate for 5 years is $5,625.