An investment will pay $18,219 in 16 years. If the interest rate is 11.09%, how much is it worth today? (Round to 2 decimal plac
1 answer:
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Answer:
12
Step-by-step explanation:
using pythagoras theorem
here 15 is hypotenuse since it is opposite 0f 90 degree
9 and x are the other smaller sides of a triangle
according to pythagoras thorem the sum of square of two smaller sides of a triangle is equal to the square of hypotenuse. So,
9^2 + x^2 = 15^2
81 + x^2 = 225
x^2 = 225 - 81
x^2 = 144
x =
x = 12