Answer:
Step-by-step explanation:
Given
See attachment
Required
Vertical length / Horizontal length
From the attachment, we have:
--- the vertical length of the larger triangle
and
--- the horizontal length of the larger triangle
So, the ratio is:
Divide by 2
620.63
use the formula given
r= interest rate
n= numer of times it's compounding in a year
t= time
p= principle amount
sell price is 26.46
24.50 x .08 = 1.96
24.50 + 1.96 = 26.46