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
0.4 * x = 68
x = 68/0.4
x = 170
check:
0.4 * 170 = 68
Dividing (3x^2-2x) by x gives out 3x-2
Answer:
B
The answer is B, which is -1.5.
Answer:
x=3
Step-by-step explanation:
f(x) = 2^x
Let f(x) =8
8 = 2^x
Rewriting 8 as 2^3
2^3 = 2^x
The bases are the same so the exponents are the same
3=x
