If you deposit $2,300 at 2.71% interest, compounded continuously, what would your ending balance be to the nearest cent after 4
1 answer:
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Answer:
x = 6.6; DE = 16.6
Step-by-step explanation:
Assume the diagram is like the figure below.
1. Calculate the value of x
In a right triangle, the altitude drawn from the right angle to the hypotenuse divides the triangle into two similar triangles.
Thus, ∆CDF ~ ∆FDE, and
2. Calculate the length of DE
DE = 2x + 3 = 2(6.6) + 3 = 13.2 + 3 = 16.2
