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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Skyler would have $128.
Multiply 18 by 6 and then add 20.
Since the order of selection does not matter, we will use combinations to solve this problem.
We are to form the combination of 30 objects taken 6 at a time. This can be expressed as 30C6.
This means the six teachers can be selected in 593775 ways.
So the correct answer is option A
Answer:
This would be a decay function.
Step-by-step explanation:
When a function is a growth function that means that it is growing but a decay function means that it is getting smaller.
Answer:
1
Step-by-step explanation:
lowest
