Refer to the figure shown below.
The coordinates of point m are (2,5).
Let (x,y) = the coordinates of pont n.
Because mn = 4, use the Pythagorean theorem to obtain
(x - 2)² + (y - 5)² = 4²
This represents a circle with center at (2,5) and radus = 4.
Answer:
Possible coordinates for n lie on the circle (x-2)² + (y-5)² = 16.
Paul
=$30,000 + ($2800 * 10 years)
=$30,000 + $28,000
=$58,000 total made in 10 years
Sharla
=$36,000 + ($2000 * 10 years)
=$36,000 + $20,000
=$56,000 total made in 10 years
Difference
=$58,000 - $56,000
=$2,000 difference
ANSWER: Paul made $2,000 more.
Hope this helps! :)
Answer:
a) amount in the bank after 7 years if interest is compounded quarterly is $6,605
b) amount in the bank after 7 years if interest is compounded quarterly is $6,612.57
Step-by-step explanation:
We are given:
Principal Amount P= 5000
Rate r= 4% = 0.04
time t = 7 years
The formula used is: 
where A is future value, P is principal amount, r is rate, n is compounded value and t is time
a) Find the amount in the bank after 7 years if interest is compounded quarterly?
If interest is compounded quarterly then n = 4
Using values given in question and finding A
So, amount in the bank after 7 years if interest is compounded quarterly is $6,605
b) Find the amount in the bank after 7 years if interest is compounded monthly?
If interest is compounded quarterly then n = 12
Using values given in question and finding A
So, amount in the bank after 7 years if interest is compounded quarterly is $6,612.57
