You invest $1,000,000 in an account paying 12% compounded continuously, how much will you have in the account after 4 years?
2 answers:
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Answer:
HYPERBOLA
Step-by-step explanation:
We have the statement,
'The set of all points in a plane for which the difference between the distances of a given point to two fixed foci equals a certain constant'.
We know that,
Hyperbola is the set of points such that for point P anywhere on the curve, the absolute distance to the two fixed points is a constant.
i.e. From the figure, we see that, the difference of the distance of P from and
is equal to constant 2a.
Thus, the term representing the given statement is HYPERBOLA.
