Doug and Elizabeth planted a garden on their farm. They wish to increase its dimensions by 50% without changing the shape of the
1 answer:
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Okay well, if you make a graph, Point A (7,0) and Point B (4,6) are in the top right quadrant. and Point C (1,1) and Point D (5,3) are in the top left, top right, and bottom left quadrant (I'll link a photo of the graph.)
so the lines intersect and make it perpendicular
so the lines intersect and make it perpendicular
Solution
For this case we can use the following formula:
Where:
P= 400800 = present value
A= future value
r= 0.055 interest rate
n= 4, number of times that the interest is compund in a year (quarterly)
t= 4 years
Replacing we got:
then the interest would be: