Compounding quarterly can be considered as the interest amount which is earned quarterly on an account.
At the end of their investment time, $44,440 in his account.
Since, interest is compounded quarterly and In one year, 4 quarter exist.
Number of quarters in 6 years = ![6*4=24](https://tex.z-dn.net/?f=6%2A4%3D24)
And quarterly rate=
%
We use below formula,
![Amount = principal(1 + \frac{rate}{100} )^{time}](https://tex.z-dn.net/?f=Amount%20%3D%20principal%281%20%2B%20%5Cfrac%7Brate%7D%7B100%7D%20%29%5E%7Btime%7D)
![A=35000(1+\frac{1}{100} )^{24}\\\\A=3500(\frac{101}{100} ) ^{24} \\\\Amount=44,440](https://tex.z-dn.net/?f=A%3D35000%281%2B%5Cfrac%7B1%7D%7B100%7D%20%29%5E%7B24%7D%5C%5C%5C%5CA%3D3500%28%5Cfrac%7B101%7D%7B100%7D%20%29%20%5E%7B24%7D%20%5C%5C%5C%5CAmount%3D44%2C440)
Learn more:
brainly.com/question/3402162
Answer: and Step-by-step explanation
Solve for the first variable in one of the equations, then substitute the result into the other equation.
Point Form:
(−5,1)(-5,1)
Equation Form:x=−5y=1x=-5y=1
1. 5/12
hold on ill have more in a bit
3 to 2
3 : 2
3 /2
You can label it if u want to
Learned it a few weeks ago