7. What is the simple interest on a housing loan of $350,000, over 30 years with * a rate of 4.5%? A : $35,000 B -$350,000 C-$47,250 D-$472,500

Gnarbarian asked Oct 27, 2023

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7. What is the simple interest on a housing loan of $350,000, over 30 years with *

a rate of 4.5%?
A : $35,000
B -$350,000
C-$47,250
D-$472,500

Gnarbarian asked Oct 27, 2023

2.8k points

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8 votes

Answer:$472,500

Step-by-step explanation: I did $350,000 multiplied by 4.5% and got 15750 and then multiplied 15750 by 30 and then got $472,500

Vettis answered Nov 2, 2023

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