The Rule of 72 is a simple way to determine how long an investment will take to double given a fixed annual rate of interest. By
1 answer:
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Answer:
This a circle centered at the point , and of radius "3" as it is shown in the attached image.
Step-by-step explanation:
Recall that the standard formula for a circle of radius "R", and centered at the point is given by:
Therefore, in our case, by looking at the standard equation they give us, we extract the following info:
1) since the radius must be a positive number and (
) is not a viable answer.
2) for (
) to equal
3) for (
) to equal
Therefore, we are in the presence of a circle centered at the point , and of radius "3". That is what we draw as seen in the attached image.
