Question

Based on the information below, choose the correct answer.

Answer 1

Answer:

On average, what dollar amount of each monthly payment is interest? 98.32

What percent of the total payments is total interest? 28.2

Step-by-step explanation:

Answer 2

Hi there

dollar amount of each monthly payment is interest
11,798.81÷120
=98.32

percent of the total payments is total interest
(11,798.81÷41,798.81)×100
=28.23%

Hope it helps