Mr. and mrs. Rainer took out a $240,000 loan to purchase their home. If the interest rate on the loan is 1.2% compounded bimonthly, how much interest will they paid after 30 years?

$103968.11.

Step-by-step explanation:

Given information:

Principal amount = $240,000

Rate of interest = 1.2% = 0.012

Number of years = 30

Number of times in an year = 24

Formula for amount:

where,

P is principal, r is rate of interest, t is number of years, n is number of times interest compounded in a year.

Now,

Hence, the interest is $103968.11.

no, x cannot be the same number. in all of them, x is 1. for one input there is another output. g is not a function

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step-by-step explanation:

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