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
RS+ST= RT
(7Y+3)+(2Y+9)= 14Y-8
9Y+12=14Y-8
5Y=20
Y=4
Answer:
100
Step-by-step explanation:
hehe
Answer:
There are 6 slices left.
Step-by-step explanation:
The remaining slices are:
Carrot Cake
Chocolate Cake
There are 6 slices left.
Answer:
4. the circumference = approx. 21.99
5. 30 feet
6. 150.8 feet
Step-by-step explanation:
4: 3.5*π*2= 21.99
5:. 1800÷60= 30
6. circumference equals approx. 37.7 feet and I multiplied that by 4 because the boy went around 4 times
hope this helps <3
