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:
p=5
Step-by-step explanation:
a(x+y) is also (x+y)a
So if 3(n+5) has to be equivalent to (n+p)3, then p has to be 5.
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hope it helps
It would be -5 because 4- 3*12/4 = -5
Hope this helps
Have a great day/night
Hi! Your answer is q = -9
Please see an explanation for a better and clear understanding to your problem.
Any questions about my answer and explanation can be asked through comments! :)
Step-by-step explanation:
Since we want to solve for q-term. That means we are going to isolate q-term.
We can add 4 and 9 together.
Because we want to know the value of q. That means we have to isolate q-term by subtracting both sides by 13.
We are reaching to the final step where we divide the whole equation by 3.
Finally, the solution for this equation is q = -9. But what if you are not certain or sure about the answer? Let's check it out!
To check the answer, simply substitute q = -9 in the equation.
Notice that the equation is true for q = -9. Hence, we can conclude that the solution for this equation is q = -9.
Hope this helps!
We know that the 8 represent the squared radius of the circle so to get the radius we should take the square root of 8
the answer is √8 = 2√2
