It's true that Amir paid the most—$280.
In fact, Jamul's $100 was the lowest paying.
The total amount you will pay less the original mortgage value is the cost of credit. Interest and any other fees or charges are included in the difference between the two. Less interest will accrue on your mortgage the faster and earlier you pay it off.
The workings described and allocated to interest in the image are perfectly estimated.
Amir of the three loans has paid the maximum interest ($280) to borrow the $500, while Jamul has paid the least interest ($100).
True, Amir paid the most at $280.
Jamul's $100 did indeed pay the least.
To know more about the Cost of Credit, refer to this link:
https://brainly.com/question/3069636
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