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
106.78/.05=2135.6
21356*.05=106.78
Answer: 3:35
Step-by-step explanation:
a) if the two gloves someone receives might both be for the left hand or right hand.
b) if each sister gets one left and one right.
Soln:
a) So i thought about dissectng the problem first into finding the number of ways in which I could make pairs of gloves:
C(12, 2)
then I asked how many ways could the sets of gloves be assigned amongst the 6 sisters:
<span><span>6!</span><span>6!</span></span>
and taking the product of this would give me the amount of ways this could occur:
= C(12,2) * 6!
then for part b)
using this same idea except:
C(6,1) C(6,1) for the left and right glove each .
the C(6,1)*C(6,1)*6!
Right way to think them through?
Answer:
0.3
Step-by-step explanation:
3.60 divided by 12
