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:
I'll gladly answer if you could give more information. All we can see is the question "Describe whether each equation is true for all one or no values of x," so we need some context.
Step-by-step explanation:
We need context to this.
Answer:
Total pencils: 17
Total rulers: 15
Step-by-step explanation:
"I will buy 15 pencils."
15 * 8p = £1.20
15 pencils
"Then I will buy as many rulers as possible."
£5 - £1.20 = £3.80
£3.80/30p = 12 remainder 20p
12 rulers
"With my change, I will buy more pencils.”
20p/8p = 2 remainder 4 p
2 pencils
Total pencils: 17
Total rulers: 15
The answer is Option C) 7th graders in her school.
In order to ascertain the suitability of a candidate for any popular position, his popularity can be assessed by taking a survey of the concerned sample.
