all else being equal doubling the intrest rat on a tradition

all else being equal, doubling the intrest rat on a traditional mortgage will cause the total intrest amount to;

double

more than double

less than double

Solution

All else being equal, if our debt doubles or triples then our interest payments should double or triple.

Probably the largest concern for mortgage borrowers is how much interest they will pay to their lender over the life of their mortgage. Depending on the amortization and the mortgage interest rate, the amount of interest paid to a mortgage lender can be more than double the original principal.