GEOMETRY HELP PLEASE
1 answer:
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<u>Answer:</u>
The available amount for the down payment of car and invested $3,200 at 3.75% interest compounded continuously is 3449.23$
<u>Explanation:</u>
We know final amount is given by
Where,
A = final amount
P = initial principal balance = $3200
r = interest rate = 3.74%
t = number of time periods elapsed = 2 years
Substituting the values in the formula
A=
We know, e = 2.72
So we get A = 3449.23$ which is the available amount for the down payment of car .
From my research, the image below belongs to the question. From what is seen in the image, there are 2 arcs already drawn with respect to the new vertex. The third arc corresponds to the point where the line DM is made. This line is similar to line BC. So at the point where the second and third arcs would meet, it would be a point similar to a point on line AB.
