Total interest paid

Question

Ned arranges for $26,800 of home improvement work to be done on his house, financed with payments of $479 per month for 5 years.  How much total interest will Ned pay?

Answer 1

Ned paid 479(60)                 5 years = 60 months

Ned paid 28740 for a 26800 job

Ned paid 28740 - 26800 in interest

Ned paid 1940 in interest