Find the value of a $3,000 certificate in 2 years, if the interest rate is 10% compounded annually.
1 answer:
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Answer:
Hypotenuse = 14.1421 inches (rounded off to four decimal values)
Step-by-step explanation:
The legs of an isosceles triangle both measure 10 inches
Since the triangle is a right triangle,
We apply the Pythagorean Theorem to find the height of the hypotenuse
a² + b² = c²
a = 10 inches, b = 10 inches and (c) is the hypotenuse whose value we don't know.
So; 10² + 10² = c²
c² = 100 + 100
c² = 200
c = = 14.1421356237 inches
The hypotenuse is 14.1421 inches (answer rounded off to four decimal values)