Answer:
in one month : 13676.57/12=1139.71
the interest on 100000 is: 205148.48-100000=105148.48
Step-by-step explanation:
A=P(1+r)^t (p is the mortgage, t is the time and r is the rate)
p=100000,t=15*12 month,r=4.8%( or 0.048)
A=100000(1+0.048/12)^(12*15)
A=205148.48 (the number rounded to the nearest hundredth)
205128.48 is the amount she has to pay it after 15 years
in one year : 205128.48/15=13676.57 ( rounded to nearest hundredth)
in one month : 13676.57/12=1139.71
the interest on 100000 is: 205148.48-100000=105148.48
