The Carlisles borrowed $94,000 to buy their first home. The interest rate on their loan was 7.5% for 20 years. How much interest will they have paid after 20 years?

Question

jhonyy9 · Answer

any idea ?

jhonyy9 · Answer

do you know what mean this interest rate of 7,5% ?

jhonyy9 · Answer

any idea ? do you have ?

jhonyy9 · Answer

using the rule of 3 simple you can calcule easy the 7,5% of $94000

do you know it ?

jhonyy9 · Answer

please collaborate - i like help you

jhonyy9 · Answer

|dw:1548631902071:dw|

jhonyy9 · Answer

x = 94,000*7,5/100 = 7050 so this is the interest rate

and now how you get the total money what will they have pay ?

jhonyy9 · Answer

assume the borrowed money with this interest rate

jhonyy9 · Answer

hope helped

@ThisGirlPretty