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:
the y-intercept is (0,75)
Step-by-step explanation:
the y-intercept is where the line crosses the y-axis.
Z= 138/625 or in decimal form it’s 0.2208
Answer:
1. 3a2
Step-by-step explanation:
The equation represents the magnitude of an earthquake that is 10 times more intense than a standard earthquake is 
.
Given
The magnitude, M, of an earthquake is defined to be M = log StartFraction I Over S EndFraction, where I is the intensity of the earthquake (measured by the amplitude of the seismograph wave) and S is the intensity of a "standard" earthquake, which is barely detectable.
<h3>The magnitude of an earthquake</h3>
The magnitude of an earthquake is a measure of the energy it releases.
For an earthquake with 1,000 times more intense than a standard earthquake.
The equation represents the magnitude of an earthquake that is 10 times more intense than a standard earthquake is;
Hence, the equation represents the magnitude of an earthquake that is 10 times more intense than a standard earthquake is .
To know more about the magnitude of earthquakes click the link given below.
brainly.com/question/1337665
