Question

You deposit $1500 in an account earning 3.5% interest compounded monthly.

a. a. How much will you have in the account in 20 years?

b. b. How much interest will you earn?

Answer 1

Answer:

\sf (x+14)^2+(y+5)^2=149(x+14)2+(y+5)2=149

Explanation:

Standard equation of a circle: \sf (x-a)^2+(y-b)^2=r^2(x−a)2+(y−b)2=r2

(where (a, b) is the center and r is the radius of the circle)

Substitute the given center (-14, -5) into the equation:

\sf \implies (x-(-14))^2+(y-(-5))^2=r^2⟹(x−(−14))2+(y−(−5))2=r2

\sf \implies (x+14)^2+(y+5)^2=r^2⟹(x+14)2+(y+5)2=r2

Now substitute the point (-7, 5) into the equation to find r²:

\sf \implies ((-7)+14)^2+(5+5)^2=r^2⟹((−7)+14)2+(5+5)2=r2

\sf \implies (7)^2+(10)^2=r^2⟹(7)2+(10)2=r2

\sf \implies 149=r^2⟹149=r2

Final equation:

\sf (x+14)^2+(y+5)^2=149(x+14)2+(y+5)2=149