Answer:
30
Step-by-step explanation:
You multipy 5 by 3 by 2
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
#SPJ1
The difference between the coat cost for Delaware vs Fairfield is $0.60
Explanation:
For Delaware: 80 × .0725 = $5.80
80+5.80= $85.80
For Fairfield: 80 × .065 = $5.20
80+5.20=$85.20
85.80-85.20=0.60
The percent of discount is 70%.
Multiply length time width, and make sure you square your answer!
