The Jackson family borrowed $240,000 to purchase a house and, over thirty years they had to repay 250% of what they borrowed. Wh

Question

2 years ago

13

at is the total amount of money the Jackson family paid for their loan? Brainly

1 answer:

NNADVOKAT [17] · Answer 1 · 2022-10-20T14:05:59+03:00

5 0

Answer:

Step-by-step explanation:

Given

$Loan = \$240,000$

$Amount = 250\%$

Required

Determine the total amount

This is calculated by multiplying the loan amount by the percentage:

i.e.

$Payment = Amount\% * Amount$

$Payment = 250\% * \$200000$

$Payment = \$500000$

<em>Hence, the total payment is $500000 </em>