You and a friend start biking in opposite directions from the same point. You travel 108 feet every 8 seconds. Your friend trave
ls 63 feet every 6 seconds. a. To the nearest hundredth of a mile, how far apart are you and your friend after 15 minutes? You and your friend are about miles apart after 15 minutes
Interest depends a lot on the compounding period. Since the period is exactly 4 months, we assume APR=8% monthly interest=8/12%=0.00666667 Interest due in 4 months =7000[(1+0.08/12)^4-1] =7000[0.0269345] =$188.54
