Answer:
Principal = 3500
Time = 8 years
We are given that compound quarterly
So, No. of compounds per year = 2
Rate of interest = 5%
Formula :
Substitute the values :
Interest = 3863.345 - 3500 = 363.345
Hence the total amount in an investment of $3500 that was compounded quarterly for 8 years at a rate of 5% is $3863.345 and the interest that was made on that account mentioned is $363.345
Answer:
Step-by-step explanation:
In a quadratic equation in the Standard form
You need to remember that "a", "b" and "c" are the numerical coefficients (Where "a" is the leading coefficient and it cannot be zero: ).
You can observe that the given quadratic equation is written in the Standard form mentioned before. This is:
Therefore, you can identify that the values of "a", "b" and "c" are the following: