Question

Question 8 of 10
2 Points
Dave owns a $250,000 home, for which he has a 30-year mortgage in the
amount of $1300 a month. Once he has paid off the mortgage, how much will
he have paid in interest?
O A. $209,000
O B. $211,000
O c. $241,000
O D. $218,000
SUBMIT

Answer 1

Answer:D:$218,000

Step-by-step explanation:he owns 1300 monthly on the 30 year mortgage

So for a year he owes

1300*12= 15600 a year

Which will multiply by 30 years

15600*30= $468000 will be all he need to paid to cover is mortgage

To know the interest the needs to pay

Subtract the total amount from the real amount of the house

$468000-$250000= $218,000