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
What factors to they have in common?
First, they're all even, so 2
if we divide all of them by 2, we get:
13,24,31
now, 13,31 are primes: so that means that those numbers don't have any more common factors!
So the greatest Common Factor of those 3 numbers is 2.
5x squared+7x+2. That is the answer
Answer:
y=(1/3)x+5
Step-by-step explanation:
Slope-intercept: y=mx+b
m=((y2-y1)/(x2-x1)) = (6-4)/(3+3)= 2/6= (1/3)
y=(1/3)x+b
plug in one of the points (3,6)
6=(1/3)(3)+b
6=1+b 5=b
