Answer:
Step 3
Step-by-step explanation:
The solution is given in the image attached. The steps are:
Step 1:

Step 2: simplifying the coefficients of x:

Step 3: Adding 1/4 to both sides

Step 4: Multiplying both sides by 5/7

The addition property of equality states that if a number is added to both sides of an equation, the equation is still valid (i.e the equation is still the same). From the steps above, The addition property of equality was applied in step 3
You can find a common denominator using the two denominators multiples.
Step-by-step explanation:
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20000*0.45 = 9000 in the bond
20000*0.15 = 3000 in the CD
20000*0.20 = 4000 in stocks
20000*0.029 = 580 in savings
A=9000(1 + 4.35%)^3 = 10,226.33
A=3000(1 + 2.90%)^3 = 3,268.64
A=4000 (1 + 8%) x (1 - 4%) x (1 + 6%) = 4,396.03
A=580(1 + 4.35%)^3 = 4,545.04
Total value = 22,436.04
Gain = 22,436.04 - 20,000 = 2,436.04