Mortage hypo loan

The Jonáš family decided to buy an older apartment, which cost EUR 30,000. They found EUR 17,000 and took the loan with the bank for the remaining amount. What interest did they receive if they repay this amount for 15 years at EUR 120 per month?

Correct answer:

p =  7.4307 %

Step-by-step explanation:


Equation is non-linear.
Equation is not quadratic.

The real roots of the equation:

q1 = -0.9706168244483
q2 = 1.0061922243045

Our simple equation calculator calculates it.



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