The cost of the mortgage is $81250
<h3>What are interests?</h3>
Interests are percentages of a principal
Given the following parameters
Principal = $65000
Rate = 7% = 0.07
Time = 5 years
<h3>Calculate the interest</h3>
I = PRT/100
I = 65000*0.07*25
I = 16,250
<h3>Determine the cost of the mortgage</h3>
Cost of mortgage = Principal + Interest
Cost of mortgage = 65000 + 16250
Cost of mortgage = 81,250
Hence the cost of the mortgage is $81250
Learn more on mortgage here: brainly.com/question/22846480
Answer:
Step-by-step explanation:
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Answer:
The correct answer would be the bottom equation.
Step-by-step explanation:
y=7.25x
y=7.25(3)
y=21.75
y=7.25(4)
y=29.00
y=7.25(5)
y=36.25
Answer: 19 years
Step-by-step explanation:
Given
Amount invested 
Rate of interest 
after 1-year amount becomes
After n years it is
Sum accumulated is 
Answer:
The absolute value of -3 1/2 is 3 1/2.
Step-by-step explanation:
The absolute value of a number is its distance from 0.
In this case the absolute value of -3 1/2 is 3 1/2.
Another way to write is I-3 1/2I
Using the absolute value bar
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