What is the total amount in an investment of $3500 that was compounded quarterly for 8 years at a rate of 5%?
what is the interest that was made on that account mentioned in #7?

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

step-by-step explanation:

amount of oatypop that contains the prize = 40%

amount   of oatypop which doesn't contain the prize = (100-40)=60%

probability that hannah will win a prize

    = s +f s +f f s+ff   f s+ff f f s+ infinity.where f= failure,s= success

=   or 60%

probability that hannah only has to buy 3 or less boxes before getting a prize= (s) and ( f s) and (ff s) and (f f f s)

        = = 87.04 %  

step-by-step explanation: