Your grandparents invested $2,000 for you on the day you were born. How much will this investment be worth on your 25th birthday if the money was invested in a savings account averaging an annual yield of 5% and the interest is compounded quarterly? Please answer this correctly.​

We know that, Amount in Compound interest is given by :

Given : Principal = $2000

Given : Annual yield is 5% and the interest is compounded quarterly

It means : Interest is compounded 4 times in a year

Substituting all the values in the formula, we get :

the first dot plot best represents the data

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37/3

step-by-step explanation:

step 1: simplify both sides of the equation.

7x+8(x+

1

4

)=3(6x−9)−8

7x+(8)(x)+(8)(

1

4

)=(3)(6x)+(3)(−9)+−8(distribute)

7x+8x+2=18x+−27+−8

(7x+8x)+(2)=(18x)+(−27+−8)(combine like terms)

15x+2=18x+−35

15x+2=18x−35

tep 2: subtract 18x from both sides.

15x+2−18x=18x−35−18x

−3x+2=−35

step 3: subtract 2 from both sides.

−3x+2−2=−35−2

−3x=−37

step 4: divide both sides by -3.

−3x

−3

=

−37

−3

x=

37

3