3) Malik deposited $1.050 in a savings account, and it earned $241.50 in simple interest after 4 years. Find the interest rate on Malik's savings
account.
I point
Choose

the monthly balance will be $75,000

$655.61 which is option c

step-by-step explanation:

price of house =   $146,000

initial rate = 3.5%

mortgaged paid in this = 3.5 % of $146,000

                                        =

                                        =$5110

the total years would be = 7

total mortgaged paid = 7 * $5110

                                      =$35770

remaining money = $146000-35770

                                =$110230

new mortgaged payment = 5 % of 110230

                                            =  

                                            =$655.61

2,160 π

step-by-step explanation: