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nalin [4]
3 years ago
15

The Jones family plans to borrow $19,000 for 12 years. If the interest rate is 4.25%, how much will the family pay in interest a

nd principal? PLEASE HELP!
Mathematics
1 answer:
valentinak56 [21]3 years ago
3 0
19000 × 12 × 4.25 = 969000

969000 ÷ 100 = 9690

So, 19000 - 9690 = 9310 is the principal.

9690 is the interest. 

<em>Hope this helped! :)</em>
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