The difference between five times a number and twice that number
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If I deposit $400 each month into an account earning 8% interest compounded monthly, I will have $6,517 in my account in 35 years. The total money that I will put into the account is $168,000. I will earn a total compound interest of $6,117.
- Calculating the Sum of Money in 35 years
Given information is as follows,
Principal, P = $400
Rate = 8%
Time, T = 35 years
n = 12 (Compounded monthly)
The amount for compound interest is given as,
A =
A =
A = 6,517.02
A = $6,517 (to the nearest cents)
- Calculating the Amount Put in Account
Since, $400 is deposited every month for 35 years,
Amount Put in 35 years for this compound interest =$400 × 12 × 35
= $168,000
- Calculating the Compound Interest
A = P + CI
Thus, the compound interest is given by,
CI = A - P
CI = 6517 - 400
CI = $6,117
I will earn a total interest of $6,117
Learn more about compound interest here:
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The measure of the angle m∠CBD that forms an adjacent angle is 35 degrees.
<h3>What are adjacent angles?</h3>Adjacent angles are angles that have common side and vertex.
Therefore, the common vertex is at point B.
m∠CBD = m∠ABD - m∠ABC
Therefore,
m∠ABD = 75 degrees
m∠ABC = 40 degrees
Hence,
m∠CBD = 75 - 40
m∠CBD = 35 degrees
learn more on angles here; brainly.com/question/1592068
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