Question

Help me due in 10 min

Jocelyn was able to get a great interest rate on her house. She financed $150,000 for 15 years with an interest rate of 2.75%.


How much will she pay in interest over 15 years? (just put the numerical value, no $ sign)

Answer 1

she will have to pay $61875 of interest at the end of the 15 years. in total she would have to pay $211875

Explanation:

convert 2.75 into the decimal .0275 and then multiply 15000 times .0275 times 15 and boom 61875

Answer 2

she will have to pay $61875 of interest at the end of the 15 years.

in total she would have to pay $211875