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EleoNora [17]
3 years ago
5

3000 per month for 40 years plus 5% equals how much money

Mathematics
1 answer:
Sveta_85 [38]3 years ago
8 0

I hope you do not intend some sort of compounding.

Basically, 3000 per month for 40 years can be calculated by doing some simple maths. So 3000 x 12 to get for a complete year. Which is 36000. NOw we can multiply this value by 40 to get the correct amount. So that is 1440000.

Now five percent of this amount is 5 / 100 x 1440000 = 72000. So the final answer after adding 5 % would be 1512000.

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