PLEASE HELP!!! BRAINLIEST!
1 answer:
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Answer:
<em>The point lies barely outside of the circle</em>
Step-by-step explanation:
<u>Equation of a Circle</u>
Given its center (h,k) and radius r, the equation of a circle is given by
The circle given in the question is centered at (7,8) and has a radius of 6, thus its equation is
To find out if a point (a,b) is outside or inside the circle area, the following conditions apply.
if then the point lies outside of the circle area
if then the point lies inside of the circle area
Let's use the point as given (6,2)
Thus the point lies barely outside of the circle
Given Information:
Principle amount = P = $6,000
Interest rate = r = 4% = 0.04
Period in years = t = 5
Required Information:
How much interest will he earn in 5 years = ?
Answer:
Amount of interest = $1,299.92
Step-by-step explanation:
Using the formula given in the question,
Where B is the final amount, P is the initial amount, r is the interest rate and t is the number of years
The amount of interest earned is
Therefore, Quincy has earned $1,299.92 in terms of interest by investing $6,000 in a savings account at the rate of 4% annual interest for a period of 5 years.
