I like to reduce everything by half if I don't already know the answer.
It just so happens that is the reduced fraction.
All I did was halve 18, which is 9, and halve 34, which is 17.
There are 6 red marbles, 5 green marbles, and 4 yellow marbles in a bag. If Joe picks 2
1 answer:
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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