Total distance is the distance per lap times the number of laps. (Note the units of "lap" cancel, leaving miles as the unit of the result.)
(3/8 mi/lap)×(3 1/2 lap) = (3/8)×(7/2) mi = 21/16 mi = 1 5/16 mi
Answer:
<h2>$5925.51</h2>
Step-by-step explanation:
We are going to be using the compound interest formula
Given data
principal P= $5000
N is time = 7 years
rate r= 2.5%= 0.025
compounded monthly k= 112
final amount A=?
The expression for the compound interest is
![A= P(1+\frac{r}{K} )^K^N](https://tex.z-dn.net/?f=A%3D%20P%281%2B%5Cfrac%7Br%7D%7BK%7D%20%29%5EK%5EN)
substituting into the expression we have
![A= 5000(1+\frac{0.025}{12} )^1^2^*^7\\\\ A= 5000(1.002 )^1^2^*^7\\\\ A= 5000(1.002 )^8^7\\\\A= 5010*1.18273815853 \\\\ A= 5925.51](https://tex.z-dn.net/?f=A%3D%205000%281%2B%5Cfrac%7B0.025%7D%7B12%7D%20%29%5E1%5E2%5E%2A%5E7%5C%5C%5C%5C%20A%3D%205000%281.002%20%29%5E1%5E2%5E%2A%5E7%5C%5C%5C%5C%20A%3D%205000%281.002%20%29%5E8%5E7%5C%5C%5C%5CA%3D%205010%2A1.18273815853%20%20%5C%5C%5C%5C%20A%3D%205925.51)
in seven years he will have $5925.51
6500 is the correct answer
Answer:
I think the answer is 10.