The Henley's took out a loan for $195,000 to purchase a home. At a 4.3% interest rate
compounded annually, how much interest will they have paid after 30 years?
$471,259.24
$412,749.79
$494,546.99
$429,305.61

Interest paid after 30 years is $494,546.99.

Solution:

Principal (P) = $195,000

Interest rate (r) = 4.3%

Time (t) = 30 years

n = number of times interest calculated per year

n = 1

Compound interest formula:

where A is the final amount

A = 689546.99

Interest = Amount  - Principal

             = 689546.99 - 195000

             = 494546.99

Interest paid after 30 years is $494,546.99.

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step-by-step explanation:

answer: he is 272195

step-by-step explanation: all you have to do is multiple 3535 and 77 and it equals 272195