Find the interest rate on a 4-year loan of a $6,500 at a %8 rate
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Answer: (<em>Draw a circle and a point outside the circle.)</em>
Step-by-step explanation:
Step 1: Draw a circle and a point outside the circle.
Step 2: Draw line OP, to join the center O to point P.
Step 3: Construct the perpendicular bisector of OP.
Step 4: Draw two arcs on the circumference of the circle.
Step 5: Draw tangent lines JP and KP.
Proof:
