laciesimpson28 laciesimpson28
  • 08-05-2024
  • Mathematics
contestada

What’s the answer to this question as I don’t know the answer

Whats the answer to this question as I dont know the answer class=

Respuesta :

mathstudent55
mathstudent55 mathstudent55
  • 08-05-2024

Answer:

$142,714

Step-by-step explanation:

The total amount he invests, $200 per month for 35 years, is:

35 years × 12 months/year × $200 = $84,000

After 35 years, his investment is worth $226,714.31.

The amount of interest is the difference between the amount the investment is worth and the amount he invested.

interest = $226,714.31 - $84,000

interest = $142,714,31

Answer: $142,714

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