This is for whoever likes mathsss, it’s rlly important. I’ll brainlist you! you’d really be saving me. 1) You borrow $400,000 from the bank to buy a house.

2) you can pay back $30,000 per year.

3) how long does it take you to pay off the house?

But.

4) every year the bank changes you 5% interest (money they take as payment for the loan)

5) so the first year they charge you:

6) your total loan for the first year is :

7) how much is left on the loan after 1 year?

8) how much interest will you pay in the second?