HELP PLEASE HELP !!!!
Aaliyah obtained a 25-year, fixed rate mortgage for $220,500 on a home that cost her $243,950. If the interest rate on the mortgage is 6.15%, how much interest will Aaliya pay over the life of the mortgage?

$257,766

$188,341

$234,316

$211,791

Question

HELP PLEASE HELP !!!!
Aaliyah obtained a 25-year, fixed rate mortgage for $220,500 on a home that cost her $243,950. If the interest rate on the mortgage is 6.15%, how much interest will Aaliya pay over the life of the mortgage?

 $257,766

 $188,341

 $234,316

 $211,791

anonymous · Answer

I can't remember if you are supposed to multiply 6.15% to 220,500 or 243,950. I think you suppose to multiply .0615 to 220,500 then multiply your answer to 25 and subtract 243,950 from it to get the answer. I am not sure of this though.