Ask Question
8 July, 01:13

The Jones family plans to borrow $22,000 for 15 years. If the interest rate is 4.25%, how much will the family pay in interest?

+3
Answers (1)
  1. 8 July, 01:42
    0
    344025

    Step-by-step explanation:

    20,000 x decimal multiplier

    decimal multiplier = 1.0425

    20,000 x 1.0425 = 20850

    20850 x 15 = 344025
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “The Jones family plans to borrow $22,000 for 15 years. If the interest rate is 4.25%, how much will the family pay in interest? ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers