Angel Graham takes out a $150,000 mortgage. This is a 30-year at $725 per month. What is the total amount of interest that Angel will pay on this mortgage?

Total Interest = $

$111, 000

Step-by-step explanation:

Morgage amount is given as $150, 000

Repayment plan

Every month, Angel pays $725

Therefore, every year, Angel repays $725*12=$8700

The plan goes for 30 years hence

Total amount paid after 30 years will be $8700*30=$261, 000

Interest =Total payment-morgage value

Interest paid=261000-150000=111000

Therefore, total interest is $111, 000

b. y = 4x - 2

step-by-step explanation:

to find a parallel equation to an equation, make sure both equations have the same slope but different y-intercepts.

y = 4x + 1

4 = slope

1 = y-intercept

y = 4x - 2

4 = slope

-2 = y-intercept

they both have the same slope but different y-intercepts, so, b. is the correct answer.

and to check your work, you can graph both equations. : )