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
[6, ∞) , x >= 6 so
answer is D. last one
6<= x < ∞
$3000 divided by 40 = 75...Mark as brainliest.......
Answer:
The exact value of cos(45°) is √(2) / 2.
Step-by-step explanation:
Step-by-step explanation:
the circumference of a wheel is one revolution
so
formula: circumference=π*diameter
D=26cm (13*2 to find the whole length from one end to other)
so you'll do 3.14*26 equals 81.64
one revolution=81.64
30 revolutions=2,448.3 inches (times by 30 with 81.64)
