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:
17.25
Step-by-step explanation:
The awnser for question 5 is 4/6
Answer:
The answer is no solution.
Step-by-step explanation: First, you would add + 12 to both sides of the equation so that you would have 5c + 21 = 5c. Then, you would subtract 5c from both sides of the equation. This would leave you with 21 = 0. Since this is not true, the equation would have no solution.