You buy a house that costs $345,000. You put down a downpayment of 20%. You borrow the rest from the bank, who charges an annual interest rate of 4.6%. If you pay this back in 30 years, how much did the house cost you in total? A=p(1+rt) format

Total cost of the house = $725,880

Step-by-step explanation:

This can be calculated as follows:

Down payment = $345,000 * 20% = $69,000

Amount borrowed = $345,000 * (100% - 20%) = $276,000

The total amount of loan repaid can be calculated using the following formula:

A = p(1  + rt) (1)

Where;

A = Total amount of loan repaid = ?

p = Principal or amount borrowed = $276,000

r = annual interest rate = 4.6% = 0.046

t = number of years = 30

Substitute the values into equation (1), we have:

A = $276,000 * (1  + (0.046 * 30)) = $656,880

The total cost of the house can now be calculated as follows:

Total cost of the house = Down payment + Total amount of loan repaid = $69,000 + $656,880 = $725,880

chemists are often responsible for designing a chemical reaction and analyzing the products obtained from it. one significant part of designing a chemical reaction is determining the amount of each reactant that is needed and the amount of each product that will be produced. in order to do so, chemists use stoichiometry, the quantitative relationships between reactants and products.