Question

If Mrs. Hill takes out a mortgage for $80,000 with a 4% interest rate, what will her interest be after 20 years? Help ASAP I’ll give so much points!

Answer 1

• After 20 years, Mrs. Hill is owed $144,000.

Explanation:

• Using PRT/100, we can find the interest Mr. Hill has to pay extra.
• => 80000 x 4 x 20/100
• => 800 x 4 x 20
• => 3200 x 20
• => 64000
• Total amount to pay: $144,000

Conclusion:

Therefore, after 20 years, Mrs. Hill is owed:

• $144,000.

Hoped this helped.

`GeniusUSer`