If $5,000,000 were invested at 4% interest compound continuously, how much will the investment be worth in 30 years?
1 answer:
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Answer:
(3.8, 6.8)
Step-by-step explanation:
Point B:
Has coordinates (x,y)
AB and BC form a 2:3 ratio.
This means that:
We apply this both for the x-coordinate and for the y-coordinate.
x-coordinate:
x-coordinate of A: 3
x-coordinate of C: 5
x-coordinate of B: x
y-coordinate:
y-coordinate of A: 4
y-coordinate of C: 11
y-coordinate of B: y
Thus the correct answer is:
(3.8, 6.8)