A new home buyer pays 4% annual interest on her first mortgage and 9% annual interest on her second mortgage. If she borrowed a total of $300,000, 80% of which was in the first mortgage, what is her approximate monthly interest payment? Choose the correct choice from the following answers
A) $1,250
B) $1,733
C) $3,466
D) $13,333
E) $20,796
0.04x + 0.09y = 300000 [1]   0.04x = 0.80 * 300000= 
<gadget id="calculator">0.80 * 300000</gadget>
<output>240_000</output>
240000 [2]   240000 + 0.09y= 300000 --&gt; 0.09y = 60000 [3]    240000 / 12= 
<gadget id="calculator"> 240000 / 12</gadget>
<output>20_000</output>
20000 [4]    60000 / 12= 
<gadget id="calculator"> 60000 / 12</gadget>
<output>5_000</output>
5000 [5]   $1,250dding [4,5] we get: 25000 [6]   Dividing [6] / 2 to get an average we get 1.25,$1,250NS $1,250
<result>A</result>
A new home buyer pays 4% annual interest on her first mortgage and 9% annual interest on her second mortgage. If she borrowed a total of $300,000, 80% of which was in the first mortgage, what is her approximate monthly interest payment?