Using the information below, choose the correct answers.

amount: $200,000
rate: 7%
payments: 360 @ $774.50
total interest: $78,820.00

how much will be repaid for this loan? $
what percentage of this total is total interest?
what will be the average amount per payment for interest? $

To find how much will be repaid for this loan, you just multiply the amount of payment by the number of payments
774.5×360=278,820

To find the percentage of this total is total interest, you just divide the total interest by the amount repaid
(78,820÷278,820)×100=28.27%

To find the average amount per payment for interest, you divide the amount of total interest by the number of payments
78,820÷360=218.94

Hope it helps!