Yes it will, they are the same value just in diff locations
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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Answer:
Step-by-step explanation:
Answer:
30
Step-by-step explanation:
The car's average rate is 43.7 mph. The bicycle's average rate is 12.3 mph.
To get this solution, let the bicycle's average rate be (x) and the car's average rate be (x + 31.4) mph.
Distance= Speed x Time
364 = (x + x + 31.4) 6.5
364 = (2x + 31.4) 6.5
364/6.5 = 2x + 31.4
56 = 2x + 31.4
56 - 31.4 = 2x
24.6 = 2x
24.6/2 = x
12.3 = x
x = 12.3 mph
x+31.4 = 43.7 mph
