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
Answer:
$82.5
Step-by-step explanation:
$16.50 * 5 = $82.5
Step-by-step explanation:
CD is congruent to EB
CD≈EB
How I understand from your writing next term is equal previous plus 3,
if 1st is -4, then next (second) should be -4+3= -1
Answer:
the first one in the picture
Step-by-step explanation:
8x8x8x8=4096
9x9x9x9=6561
4096x6561=26873856
72x72x72x72=26873856
