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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In order to determine the number of pens present in the container, we need to set up equations from the given in the problem statement. We do as follows:
let x the number of pencils
y the number of pens
From the statement, 9 more pencils then pens in a container,
x = y + 9
From the statement, there are 25 writing utensils in the container in all,
x + y = 25
We use substitution method to calculate for x and y,
y + 9 + y = 25
2y = 16
y = 8
x = 17
Therefore, there are 8 pens in the container and 17 pencils.
25 percent of x is equal to $1631.24
.25*4 is equal to 100 percent
Substitute
1631.24*4=x
x=6524.96
Answer: x = -14/5
Step-by-step explanation: We shall begin by expanding the brackets for both sides of the equation
-2/3 (x + 2) = 1/6 (x + 6)
(-2x/3) -4/3 = (x/6) + 1
By collecting like terms we now have
(-2x/3) - (x/6) = 1 + 4/3
(-4x - x)/6 = 7/3
-5x/6 = 7/3
By cross multiplication we now have
-5x (3) = 7 (6)
-15x = 42
x = -(42/15) {simplify further by dividing the RHS by 3}
x = -14/5
Therefore x equals, minus fourteen over five (-14/5)
