After saving for 30 years, Hamilton would have contributed $99,000 and made a total interest of $50,722.57.
Hamilton will indeed have $149,722.57 at the end of 30 years.
Out of this, the amount he would have contributed is:
<em>= Amount contributed per month x Number of months contributed </em>
= 275 x 30 years x 12 months
= $99,000
The amount that would be interest is:
<em>= Total amount accumulated - Amount contributed </em>
= 149,722.57 - 99,000
= $50,722.57
In conclusion, Hamilton would have contributed $99,000 and made $50,722.57 in interest.
<em>Find out more at brainly.com/question/11741992. </em>
The correct length would be 2√ units
Answer:
10.28
Step-by-step explanation:
Using ratio
12 : 9
8 :x
Crose multiple
12x = 72
Make x subject formula
x = 10,28
Dollars per gallon where the dependent quantity is the dollars.
<span>
A </span>dependent<span> variable is a variable that represents a </span>quantity<span> that changes based on other </span>quantities<span> being manipulated in an experiment.</span>
Based on the data provided, the amount after 2 years is #3386.7
<h3>What is the amount if the bank pays 6 1/4% interest per annum, what is the amount after 2 years?</h3>
Where:
P is principal
r = rate
n is the number of years
From the data provided:
P = 3000
n = 2
r = 6 1/4% = 0.0625
Amount = 3000 * (1 + 0.0625)²
Amount = #3386.7
Therefore, the amount after 2 years is #3386.7
Learn more about interest and amount at: brainly.com/question/25545513