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aleksley [76]
2 years ago
5

Which ratio is equivalent to the scale 3 in. :1 ft?

Mathematics
1 answer:
poizon [28]2 years ago
8 0

Answer:

4:1

Step-by-step explanation:

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You deposit $200 each month into an account earning 3% interest compounded monthly.
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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;

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Given the data in the question;

  • Principal P = $200
  • Rate r = 3% = 3/100 = 0.03
  • Compounded monthly n = 12
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Plug the given values into the equation above.

A = P( 1 + r/n )^(n×t)

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