Question

with a selling price of $95,000, a down payment of $20,000, and a mortgage at 10% for 30 years, calculate the total cost of interest​

Answer 1

Answer:

$ 225,000

Step-by-step explanation:

Selling price = $ 95,000

Down payment = $ 20,000

Mortgage(r) = 10 %

time (t) = 30 years.

Interest = $\frac{75000 * 10 * 30 }{100} =$ $ 225,000