Register
The Smith's took out a $340,000, fixed 30-year mortgage at a fixed APR of 3%. The monthly payment was $1722. How much interest will they have paid after 30 years?
87.9k views
7 votes
The Smith's took out a $340,000, fixed 30-year

mortgage at a fixed APR of 3%. The monthly payment
was $1722.
How much interest will they have paid after 30 years?

User Nicolas Lefebvre
by
6.7k points

1 Answer

3 votes

Answer:

I= PRT ÷100

Explanation:

I = 340000×30×3 ÷100

User Daniel Saad
by
8.1k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

8.6m questions

11.2m answers

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
Write words to match the expression. 24- ( 6+3)
Link Copied!