When Derrick turned 15, his grandparents put $10,000 into an account that yielded 4% interest, compounded quarterly. When Derrick turns 18, his grandparents will give him the money to use toward his college education. How much does Derrick receive from his grandparents on his 18th birthday?

Derrick receive $11268.25 from his grandparents on his 18th birthday

Step-by-step explanation:

We are given  Derrick turned 15, his grandparents put $10,000 into an account that yielded 4% interest, compounded quarterly.

When Derrick turns 18, his grandparents will give him the money to use toward his college education.

Principal = $ 10000

Time = 18-15 = 3 years

Rate of interest =

No. of compounds per year = 4

Hence  Derrick receive $11268.25 from his grandparents on his 18th birthday

the answer to the question is a

step-by-step explanation:

it has the same slope and the same y-intercept.

y + 11 = -7/9(x - 18)

y + 11 =-7/9x + 14

b

y = -7/9x + 3

y-intercept (0, 3)

the answer to the expression is 83