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: 0.67
Step-by-step explanation:
12.) First find the rate of miles/hour that the Morales family drove: 312 miles/6 hours = 52 miles/hour. To find how far they travel in 8 hours, multiply that rate by 8. 52 x 8 = 416. If they drive for 8 hours, they will travel 416 miles.
Answer:
44.452
Step-by-step explanation:
Using the Pythagorean theorem you can use:
51^2 = 25^2 + w^2
2601 = 625 +w^2
w^2 = 1976
w = 44.452
Min {sin(x) | 0 is les than or equal to x less than or greater than or equal to 2 pie = -1 at x = 3 pie over 2
