Answer:
126
Step-by-step explanation:
<span>Total = Principal × ( 1 + Rate )<span>^years
</span></span><span>Total = 150,000 * (1.055) ^ 30
</span>Total = 150,000 *
<span>
<span>
<span>
4.9839512884
</span></span></span>Total =
<span>
<span>
<span>
747,592.69</span></span></span>
<span>Total = 150,000 * (1.065) ^ 30
</span><span><span><span>Total = 150,000 * 6.614366163
</span>
</span>
</span>
<span>Total = 992,154.92</span>
Difference = 992,154.92 -<span>747,592.69 =
</span><span>244,562.23
</span>
Source:
http://www.1728.org/compint.htm
online interest calculator
Yes you can and you do that by multiplying $42×1.30=54.60 and then $54.60×1.25=68.25
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