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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0.019 is the correct answer. I hope this is the answer you are looking for! :)
Answer:
32.02
Step-by-step explanation:
The number that is in the hundredths place is five. You can remember this by knowing that the decimal point counts as one and all the number to the right of the decimal point count as zero. So 0 is in the tenths place, 1 is in the hundredths place, 5 is in the thousandths place, 6 is in the ten thousandths place and so on. So if you round this number to the nearest hundredth, you'll get 32.02 because if you're rounding a number and the number you're rounding with (knowing that the number you're rounding will always be rounded with the number to the right of it) is 5 or greater than 5, that number that you have to round will go up one unit.
I hope this helped!
Answer:
-24 and positive 2
Step-by-step explanation:
Answer:
289/216
Step-by-step explanation:
add the parentheses first
(2/3+3/4)×(3/6+4/9)=
17/12×17/18
then multiply
17/12×17/18=
286/216
