What principal is needed so that the interest will be $96 if it is invested at 3% per annum for 5years
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Answer:
Step-by-step explanation:
Saving the long, drawn out derivation of the formulas to find the x and y coordinates of the directed point, suffice it to say that it is:
x coordinate: and
y coordinate:
where x1, x2, y1, and y2 are the coordinates from the given points and a and b are the numbers in the ratio, namely a = 3 and b = 4. Filling in accordingly:
the x coordinate of the directed point is
which simplifies down to -6, and
the y coordinate of the directed point is
which simplifies down to -1.
The coordinate of the point is (-6, -1). Write that down so you don't forget it.