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.
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The value of x is 5
<h3>What are algebraic expressions?</h3>
Algebraic expressions are expressions made up;
- Factors
- variables
- terms
- constants
They also consist of mathematical operations such as addition, multiplication, division, subtraction, parenthesis, brackets, etc
We have the expression as;
7.5x = 5.5x + 10
collect like terms
7.5x - 5.5x = 10
subtract the like terms
2.0x = 10
Make 'x' the subject
x = 10/2. 0
x = 5
Thus, the value of x is 5
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Answer:
3/40 = 7.5%
Step-by-step explanation:
3/40 percent error.
3/40 = 7.5%
You get 2m+m-3n which simplifies to 3m-3n