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3 years ago

Real Estate Agent:

Mathematics

1 answer:

ANEK [815]3 years ago

3 0

Step-by-step explanation:

Cost of 4 lots for $48,000= 48000*4

=$192,000

Sales made from all 7 lots = 33000*7

= $213,000

Profit =213,000-192,000

Profit =$39,000

Percent profit =(39000/192000) *100

=0.20*100

=20%

Total interest formula=

Principal Loan Amount x Interest Rate x Time

Interest =30000x0.12x5

Interest = $18,000

Monthly payments for 5 years

= 18000/12*5

=18000/60

=$300

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