What is the total amount in an investment of $3500 that was compounded quarterly for 8 years at a rate of 5%?

Mathematics

1 answer:

erica [24]3 years ago

8 0

Answer:

Principal = 3500

Time = 8 years

We are given that compound quarterly

So, No. of compounds per year = 2

Rate of interest = 5%

Formula : $A=P(1+\frac{r}{n})^{nt}$

Substitute the values :

$A=3500(1+\frac{0.05}{2})^{2 \times 2}$

$A=3863.345$

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

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Write the ratio of the area of a circle with radius r to the circumference of the same circle

Goshia [24]

Answer:

$\frac{r}{2\pi r} =\frac{1}{2\pi }$

Step-by-step explanation:

A ratio is a comparison of two quantities and can be written in several forms including fractions. It is most commonly written in fraction form or a:b.

To write a ratio, we count the number of each quantity we are comparing or use the variable for that quantity. We write radius:circumference. Recall, the circumference of a circle can be found using $\pi d$ or $2\pi r$ .