Find the Component Of $u$ Along $\mathbf { Y }$ If $\mathbf { u } = ( 0,7 )$

question 24

Essay

Find the component of $u$ along $\mathbf { Y }$ if $\mathbf { u } = ( 0,7 )$ and $v = ( 6,8 )$ .

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Definitions:

Term Deposit

A deposit at a financial institution that has a fixed term and typically offers a higher interest rate than a regular savings account.

Simple Interest

A method of calculating interest where the charge is based on the original principal amount alone, without compounding.

Interest

Interest is the cost of borrowing money, typically expressed as a percentage of the principal amount.

Rate Of Interest

The percentage of principal charged by the lender for the use of its money.