Question

Arnold took out a loan of 195,000 to purchase a home. At a 4.3% interest rate compounded annually, how much total will they have paid after 30 years?

Answer 1

Answer:

25155000

Step-by-step explanation:

we know intrest (i):-PTR/100

by formula

1. 195000×30×4.3%

100

2. 5850000×4.3

100

100

3. 25155000