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
#SPJ1
I think the question is wrong!
It must be
x-4
___= 5
x+2
Answer: x - 4= 5x + 10
or,-10 -4 = 5x - x
or, -14=4x
or,-14/4= x
Therefore, x = -14/4
Answer:
I may be wrong, but I learned that the first slot would be "terms". 4:3 would be an example of a ratio so it couldn't be ratio and a difference is subtracting.
The second slot would not be a geometric sequence because it is not correctly placed on the number line.
Therefore, the answers would be "terms" and "is not"
Answer: exact form: 251/56, decimal form 4.482, mixed number form 4 27/56