Answer:
Principal = 3500
Time = 8 years
We are given that compound quarterly
So, No. of compounds per year = 2
Rate of interest = 5%
Formula : ![A=P(1+\frac{r}{n})^{nt}](https://tex.z-dn.net/?f=A%3DP%281%2B%5Cfrac%7Br%7D%7Bn%7D%29%5E%7Bnt%7D)
Substitute the values :
![A=3500(1+\frac{0.05}{2})^{2 \times 2}](https://tex.z-dn.net/?f=A%3D3500%281%2B%5Cfrac%7B0.05%7D%7B2%7D%29%5E%7B2%20%5Ctimes%202%7D)
![A=3863.345](https://tex.z-dn.net/?f=A%3D3863.345)
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
Two million, nine thousand, three hundred forty five.
Using the given values from the problem and the illustration, three points are known which are (0,0), (6.5,-31), (-6.5,-31). The first step in solving this problem is to determine the equation of the parabola.
y = ax²
-31 = a(6.5)²
-31 = 42.25a
a = -31/42.25
a = -124/169
Therefore, the equation of the parabola is y = (-124/169)x². The value 4.5 is then substituted in the equation as x to get the answer which is 16.14 meters.
A large company wanted to know how the average salary of their employees had changed over the last year. the results of their study had a p-value of 0.12and showed that the average salary had increased by $1,500 from $20,000 to $21,500. The results were practically significant but not statistically significant.
6(y-1)-9=-5(-3y+5)-3y
6y-6-9=15y-25-3y
6y-15=12y-25
+15. +15
6y=12y-25
+12y +12y
18y=-25
÷18. ÷18
y=-1.38
or -1 19/50