Answer:
The value will be $1,411.20
Step-by-step explanation:
What we do here is to set up an exponential equation to calculate the value.
Mathematically it will look like this;
V = I(1-r)^n
where V is the future value
I is the initial amount = 24,600
r is rate of decrease = 13.75% = 13.75/100 = 0.1375
n is the number of years = 15 years
substituting these values, we have
V = 24,600(1-0.1375)^15
V = 24600(0.8625)^15
V = 1,411.165582454129
= $1,411.20
If you imagine it like the picture below, you could use the pythagorean theorem to solve for x
I would need see what your choices are to give exact answers, but I think the main idea here is to see that angles 1 and 3 are the same, and since the alternate interior angle theorem states parallel lines through a line, or another set of parallel lines, form equal angles on those positions, the lines that form those angles, p and q, must be parallel.
Some possible coordinates for G are 11 or -15
