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
square root of 16 would be 4
4 x 4 = 16
Answer:
Half way
Step-by-step explanation:
Half way, because the dog can run all the way through the woods, but only half of the time he is going in, the rest of the time he is going out.
<span><span>Two Solutions
1. x =(10-√140)/4=(5-√<span> 35 </span>)/2= -0.458</span><span>
2. x =(10+√140)/4=(5+√<span> 35 </span>)/2= 5.458</span></span>
First, you expand it.
2x - 6x + 3 = 3 - 4x
Now, simplify.
-4x + 3 = - 4x
Cancel out the double "4x"
3 = 3
Since both side have an equal answer, there in an infinite number of answers.
Hope this helps! ☺♥
