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Ghella [55]
3 years ago
11

Phillip opened a savings account with an annual interest rate of 8% and an initial deposit of $3500. If his interest is compound

ed quarterly, how much is in Jeffrey’s account after 2 years? Round your answer to the nearest cent.
interest compounded quarterly: A equals P left parenthesis 1 plus r over 4 right parenthesis to the power of 4 t end exponent

$____
Mathematics
2 answers:
Kay [80]3 years ago
5 0
<span> 3500(1.02)^8 this should be the correct anwser</span>
Levart [38]3 years ago
3 0
The formula is A=p(1 + (r/n))^(nt)
A = 3500(1 + (.08/4))^(4*2)
A = 3500 ( 1.02)^8
A = $ 4100.81
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Answer:

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Step-by-step explanation:

Solve the following system:

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5 y + 3 x = 10 | (equation 2)

Swap equation 1 with equation 2:

{3 x + 5 y = 10 | (equation 1)

x + 4 y = 1 | (equation 2)

Subtract 1/3 × (equation 1) from equation 2:

{3 x + 5 y = 10 | (equation 1)

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Multiply equation 2 by 3/7:

{3 x + 5 y = 10 | (equation 1)

0 x+y = -1 | (equation 2)

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0 x+y = -1 | (equation 2)

Divide equation 1 by 3:

{x+0 y = 5 | (equation 1)

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Answer: {x = 5 , y = -1

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Step-by-step explanation:

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J---

Step-by-step explanation:

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ddd [48]
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