Question

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?

Answer 1

any idea ?

Answer 2

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

Answer 3

any idea ? do you have ?

Answer 4

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

do you know it ?

Answer 5

please collaborate - i like help you

Answer 6

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 ?

Answer 7

assume the borrowed money with this interest rate

Answer 8

hope helped

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