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:
The first and third answers are correct
Step-by-step explanation:
First answer=11/4=2.75
Second answer=4/9=0.444...
Third answer=4/3=1.333...
Fourth answer=5/9=0.5555555556
2/3=0.66666666667
Answer:
x< -0.24
Step-by-step explanation:
So this is going to sound stupid, but I got x< -0.24 which is just not an option, but this is how I got it...
-25x+14>20
subtract 14 from each side
-25x>6
divide each side by -25
x< -0.24
I switch the way the sign was facing bc I divided by a negative.
Now I know that this must be wrong, but it makes the most sense because I am pretty sure I did all of the math right. Sorry this probably didnt help , but I did a lot of work to try and get the right answer, so Im not putting that work to waste
20% is equal to 0.2
0.2 times 26.40 is equal to 5.28
26.40 minus 5.28 is equal to 21.12
Answer:
71°
Step-by-step explanation:
95° + 14° = 109°
180° in a triangle
180° - 109° = 3rd angle = 71 °
