Answer:
He will save $7,248 in 2 years.
Step-by-step explanation:
The whole explanation is in the picture :)
Check the picture below.
let's recall that the point of tangency with the radius chord is always a right-angle.
Answer:

General Formulas and Concepts:
<u>Pre-Algebra</u>
Order of Operations: BPEMDAS
- Brackets
- Parenthesis
- Exponents
- Multiplication
- Division
- Addition
- Subtraction
<u>Algebra I</u>
- Midpoint Formula:

Step-by-step explanation:
<u>Step 1: Define</u>
A (-3, -5)
B (2, 7)
<u>Step 2: Find midpoint</u>
- Substitute:

- Add:

- Divide:

A.
A = 400 (1 + (0.02)/4)^4t where t = number of years and A = amount after t years
simplifying that becomes
A = 400 (1.005)^4t
b amount after 5 years is
400 (1.005)^(4*5) = 400 (1.005)^20 = $ 441.96