Piper invested $4.700 in an account paying an interest rate of 4.8% compounded continuously. Assuming no deposits or withdrawals
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Check the picture below.
if you go from the slant height, the path is shorter to the top, since the hypotenuse is the longest of all sides in a right-triangle.
that said, is shorter but is also steeper, so the lateral edge is longer but less steep and thus a bit simpler though longer, but we're only asked on which is shorter.
if you go from the slant height, the path is shorter to the top, since the hypotenuse is the longest of all sides in a right-triangle.
that said, is shorter but is also steeper, so the lateral edge is longer but less steep and thus a bit simpler though longer, but we're only asked on which is shorter.