The total amount of money accrued ( principal and interest ) in 35 years is $570.78.
<h3>What is the total amount accrued?</h3>
The formula for compound interest is expressed as;
A = P( 1 + r/t )^(n×t)
Given the data in the question;
- Principal P = $200
- Rate r = 3% = 3/100 = 0.03
- Compounded monthly n = 12
- Time t = 35
- Amount accrued in 35 years A = ?
Plug the given values into the equation above.
A = P( 1 + r/n )^(n×t)
A = 200( 1 + 0.03/12 )^(12×35)
A = 200( 1 + 0.0025 )^(420)
A = 200( 1.0025 )^(420)
A = 200( 2.85390914 )
A = $570.78
Therefore, the total amount of money accrued ( principal and interest ) in 35 years is $570.78.
Learn more about compound interest here: brainly.com/question/27128740
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Answer:
f(x) = y + (x*p)
Step-by-step explanation:
Since we are not given actual values we will need to make the function with only variables. Each variable will represent the following...
Fixed Cost: y
Cost per charm: p
Number of charms: x
Therefore, using the variables mentioned above we can combine them into the following linear function using the number of charms as our main input for our function...
f(x) = y + (x*p)
So gross income is the total income that Deshawn receives, while net income is the income he has after deductions.
So to find the deductions, we simply subtract the gross from the net income:
368.20 - 289.03 = 79.17
Deshawn's deduction is $79.17, option C
Answer:
5.95
Step-by-step explanation:
that is because 96 is rounded too 100
so its 5.9500 = 5.95
3.50x + 5 < 30
Ellie wants to spend less than 30, so it’ll be less than.
