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:
Step-by-step explanation:
The two friends have the shortest distance between them are Carrie and Nayla.
In order to determine the distance of the friends from each other, the value of the angles have to be determined. The given figure is a triangle. Sum of angles in the triangle equal 180 degrees.
The first step is to determine the value of x:
20x + 7) + (5x + 50) + (5x + 3) = 180
Add similar terms togethers
30x + 60 = 180
Combine similar terms
30x = 180 - 60
30x = 120
x = 120 / 30
x = 4
The second step is to determine the value of each angle
Nayla = 20(4) + 7 = 87
Carrie = Second angle = 5(4) + 50 = 70
Maria = Third angle = 180 - (70 + 87) = 23
Nayla and Carrie live closest to each other
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