A bank offers a loan for $8,000 which earns 4.25% interest compounded annually. What is the correct formula to determine how muc
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Answer:
Step-by-step explanation:
Given
See attachment for circles
Required
Ratio of the outer sector to inner sector
The area of a sector is:
For the inner circle
The sector of the inner circle has the following area
For the whole circle
The sector of the outer sector has the following area
So, the ratio of the outer sector to the inner sector is:
Cancel out common factor
Express as fraction
