f= the original amount of people, a steady growth throughout the years
t=time
In 1955 the population was 12 thousand. Compared to the current population of 12.36 thousand, the population then was roughly 77%.
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
The answer would be rounded by 7
