Find the final value of 2000 invested at an interest rate of 3% compounded quarterly for 8 years

2540.22

Step-by-step explanation:

amount = principal amount * (1+ r/n) ^ nt

r= interest rate as decimal

n=number of times interest is compounded

nt=time

2540.22

Step-by-step explanation:

The equation

Final value=amount invested (1+(interest rate÷ quarter)) ^(quarter ×time)

Apply the given in the question to the equation

Final value=2,000×(1+(0.03÷4))^(4×8)

Final value=2540.22 the answer

graph b

step-by-step explanation:

one solution- graph a (clear intercepting point.)

no solution- graph b (they're parallel, there will never be a point of interception.)

infinite solutions- graph c (all points intercept.)