1.
Follows the equation
|ax + by + c| / √(a² + b²)
The equation is 2x - y + 8
The point is (0, 5)
That means
a = 2
b = -1
c = 8
x = 0
y = 5
=|2(0) + 5(-1) + 8) / √(2² + 1²)
=3 / √(5)
Rationalize...
3 * √5 / √5 * √5
= 3√5 / 5
Ok Last question for the night
I'll be pretty impressed if you can do this, it's a finance question.
Gary gets a loan of $100,000. Gary repays the loan with monthly repayments of $M and the interest on the balance is calculated by 6% p.a. calculated monthly.
The balance at the end of n months is given by...
Bn = 100,000(r
n) - M(1 + r + r
2 + .... + r
n - 1)
Where r = 1.005.
i) If the interest was repaid in 20 years (240 months), what is his monthly repayment?
ii) If he has a monthly repayment of $2,000 how long will it take, to the nearest month, to pay back the loan?
iii) Is the payment method i) or ii) better? How much money does he save using the better method?
I'll answer this tomorrow