Answer: B: 6
Step-by-step explanation:
Answer: The total interest paid on the mortgage is $179550
Step-by-step explanation:
The initial cost of the property is $300000. If he deposits $30000, the remaining amount would be
300000 - 30000 = $270000
Since the remaining amount was compounded, we would apply the formula for determining compound interest which is expressed as
A = P(1+r/n)^nt
Where
A = total amount in the account at the end of t years
r represents the interest rate.
n represents the periodic interval at which it was compounded.
P represents the principal or initial amount deposited
From the information given,
P = 270000
r = 2% = 2/100 = 0.02
n = 12 because it was compounded 12 times in a year.
t = 25 years
Therefore,
A = 270000(1+0.02/12)^12 × 25
A = 270000(1+0.0017)^300
A = 270000(1.0017)^300
A = $449550
The total interest paid on the mortgage is
449550 - 270000 = $179550
Answer:
3/2
Step-by-step explanation:
Rewrite the equation by swapping x by y.
Ok, to solve this first you have to set up your proportion:
9/150=x/230
/ is a fraction
x= the number of vials it will take to treat 230 patients
in order to solve this, you have to cross multiply:
9 x 230= 2070
150 · x= 150x
so you get 150x=2070
then divide 2070 by 150
2070/150= 13.8
so it would take 13.8 vials of medicine to treat 230 patients
