160,000 because you need to first multiply 800 by 12 since it is from a year (annum) to months you should get 9,600 then rather than multiplying by 0.06 to find 6% we divide to find what it is 6% of.
Answer:
$6250
Step-by-step explanation:
Hello!
First, we find out how much you spend a week.
Since you buy a $5 coffee 5 days a week we multiply the price for a coffee by 5.
5 * 5 = 25.
Next, we find out how much you spend a year.
Since you do it 50 weeks a year we multiply the amount you spend a week by 50
25 * 50 = 1250
Then, we find out how much you spend in 5 years.
We multiply the cost a year by the amount of years
1250 * 5 = 6250
The answer is $6250
Hope this helps!
