Answer:
163 miles
Step-by-step explanation:
set up a ratio based on 49 miles in 1 hour (60 minutes):
let 'd' = distance in 3hrs, 20 min
3hrs, 20 min = 200 minutes
49/60 = d/200
cross-multiply:
60d = 9800
d = 163.3
Part 1:
After payment of $300, remaining balance = $2,348.62 - $300 = $2,048.62.
Interest accrued is given by:
Had it been $600 was paid, remaining balance = $2,348.62 - $600 = $1748.62. Interest accrued is given by:
Difference in interest accrued = $14.94 - $12.75 = $2.19
Part 2:
The present value of an annuity is given by:
Where PV is the amount to be repaid, P is the equal monthly payment, r is the annual interest rate and n is the number of years.
Thus,
Therefore, the number of months it will take to pay of the debt is 3.99 months which is approximately 4 months.
Answer:
what is your question.. if any problems then I will try to solve if I know.