Answer:
$6400
Step-by-step explanation:
If Mrs. Hill takes out a mortgage for $80,000 with a 4% interest rate, what will her interest be after 20 years?
First you want to find how much she will get each year.
Turn 4% into a decimal.
Which you have to move the decimal point over to spaces to the left.
4. ----- .4 ----- .04
Now that you have done that you need to multiply,
$80000 × .04
which is $3200.
Now you know she gets $3200 a year.
Now multiply $3200 by 20.
$3200 × 20
which is $6400.
She will get $6400 interest.
