Credit Home Mortgage Loan Blog

Between her home mortgage, car loan, and credit card bill, Megan is $75,300 in debt?

….. asked:


The monthly interest on her credit card is 1.5%, the monthly interest on her car loan is 1%, and the monthly interest on her mortgage is 0.6%. After one month, her total accumulated interest is $460.50. If the interest on Megan’s credit card bill was $4.50 more than the interest on her car loan, find the amount of each loan.

Daniel

Tags: Car Find, Loan Interest, Mortgage Loan

This entry was posted on Sunday, November 2nd, 2008 at 5:27 pm and is filed under Mathematics. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

5 Responses to “Between her home mortgage, car loan, and credit card bill, Megan is $75,300 in debt?”

1. Alma V says:

   November 5, 2008 at 6:21 am

   I would love to be Megan with those interest rates!!!!
2. a.patts says:

   November 8, 2008 at 5:56 am

   she can find her own damn loan ammount! she has the freakin bill statement right in front of her!!
3. PenPress says:

   November 11, 2008 at 3:21 am

   Can Megan and I switch places ??
4. gosam777 says:

   November 13, 2008 at 12:55 pm

   WOW. What I want to know, is where did the lenders find somebody willing to pay those rates of interest?
5. jungleempress says:

   November 14, 2008 at 8:40 pm

   is she living beyond her means, or living off her plastic, is she spending more than she makes?