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:
x = -25
Step-by-step explanation:
25 = -7(x + 5) + 5x
25 = -7x - 25 + 5x
5x - 7x - 25 = 25
5x - 7x - 25 + 25 = 25 + 25
5x - 7x = 50
-2x = 50
-2x/-2 = 50/-2
x = -25
Answer:
d The length of each petal is 4, and the number of petals is 4.
Step-by-step explanation:
Answer:
D. (6,3)
Step-by-step explanation:
To the find which point can be located on the line you will have to find the point-slope form
The formula for point-slope form is y=mx+b
m is slope
b is y-intercept
Since we already know the slope we can just replace it:
y=1/2x+b
Now we need to find the y-intercept
We can do this by distributing them with (4,2)
As you remember in point the digits are in x and y
(x,y) so we can tell that 4 is x and 2 is y
Now we can substitute x with 4 and y with 2
2=1/2(4)+b
Multiply 1/2 and 4
which is 2
2=2+b
Thus b=0
So the slope intercept form is y=1/2x
Now we can substitute the other points:
For (5,2):
2=5/2
Which is incorrect since 2 does not equal 5/2
For (2,3):
3=1/2(2)
Which is
3=1
Which is incorrect since 3 does not equal 1
For (3,4)
4=1/2(3)
Which is
4=3/2
Which is incorrect since 4 does not equal 3/2
For (6,3)
3=1/2(6)
Which is
3=3
Which is correct since 3 does equal to 3
Hope this helps!
The answer would be 24 because 24-4 is 20
