If $625 is invested at an interest rate of 7% per year and is compounded continuously, how much will the investment be worth in
1 answer:
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Answer:
(a)80 feet
(b)$120,000
Step-by-step explanation:
<u>Part A</u>
<u>Intersecting Secant-Tangent Theorem</u>
If a tangent segment and a secant segment are drawn to a circle from an exterior point, then the square of the measure of the tangent segment is equal to the product of the measures of the secant segment and its external secant segment.
In the attached diagram, the theorem applied is:
Comparing with our diagram:
|AX|=30 feet
|UX|=10 feet
Length of the Bridge,L
Therefore:
900=10(L+10)
L+10=900/10
L+10=90
L=90-10=80 feet
Length of the Bridge=80 feet
<u>Part B</u>
If each foot costs $1500
Cost of the bridge=$1500*80=$120,000
