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
Answer:
Option (a) is correct.
The system of equation becomes
Step-by-step explanation:
Given : Equation
We have to construct a system of equations that can be used to find the roots of the equation
Consider the given equation
To construct a system of equation put both sides of the given equation equal to a same variable.
Let the variable be "y", Then the equation
becomes,
Thus, The system of equation becomes
Option (a) is correct.