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natta225 [31]
3 years ago
11

Mr. and Mrs. Rainer took out a $240,000 loan to purchase their home. If the interest rate on the loan is 1.2% compounded bimonth

ly, how much interest will they have paid after 30 years?
Mathematics
1 answer:
Bogdan [553]3 years ago
6 0

Answer:

$103968.11

Step-by-step explanation:

Given information:

Principal amount = $240,000

Rate of interest = 1.2% = 0.012

Number of years = 30

Number of times in an year = 24

Formula for amount:

where

P is principal, r is rate of interest, t is number of years, n is number of times interest compounded in a year.

Now,

Hence, the interest is $103968.11.

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LiRa [457]

9514 1404 393

Answer:

  5x +y = 16

Step-by-step explanation:

Given a point and slope, it often works well to start with the point-slope form of the equation for a line:

  y -k = m(x -h) . . . . . . . . line with slope m through point (h, k)

Your point and slope make this ...

  y -6 = -5(x -2)

  y -6 = -5x +10 . . . . . . eliminate parentheses

  5x +y = 16 . . . . . . . . . add 5x+6 to both sides; your standard form equation

8 0
3 years ago
The cost of a taxi ride is represented by the function c(m)=2m+4, where m is the number of miles traveled. What is the cost per
galina1969 [7]

Answer:

cost per mile = $2.

Step-by-step explanation:

Given the cost function, c(m) = 2m + 4,

Where the m represents the number of miles traveled, and $2 is the cost per mile of the cab. The $4 represents the flat rate, a set fee, or the initial value.

Therefore, the cost per mile of the cab is $2.  

3 0
3 years ago
Choose the letter for the best answer.
arlik [135]

Answer:C

Step-by-step explanation:

78-17.5*2 = 43 so C

8 0
2 years ago
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Kelvin is making a salad. He can pick between spinach, lettuce, or arugula as the base. He can make it with or without tomatoes,
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He can make 27 different salads. Since each individual option has three different salads, and there are 9 options.

Basically multiply the number of total toppings by the number of toppings in each row

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3 years ago
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This equation is NEVER true. Let's solve the equations algebraically by applying the Distributive Property of Multiplication and transposing the terms across the equality sign. The solution is as follows:

<span>2(5x+4)=10x+6
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Therefore, it is not true.</span>
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3 years ago
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