1/2 hour = 105 miles
Divide by 1/2 on both sides :
1/4 hour = 52.5 miles
Answer / Explanation
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Question:
The stem and leaf plot shows kilometers walked by participants in a charity benefit walk. Use it to answer the question
12|3 3 6 7 9 9
13| 1 1 4 5 5
14| 0 0 2 3 3 8 8 9
15| 2 2 2 2 2 3 5 5 7
16| 4 5 5 9 9
17|3 5
(a) How many people participated in the walk? Exactly 35 people participated in the walk.
(b)How many of the walkers traveled more than 14 kilometers? About 16-22 people traveled more than 14 kilometers.
Answers:
(a) Exactly 35 people participated in the walk.
(b) About 16-22 people traveled more than 14 kilometers.
Answer:
The semi-annually compounded nominal rate at that time is 7%
Step-by-step explanation:
In order to calculate the semi-annually compounded nominal rate at that time we would have use the following formula:
PV= FV/(1+r)^n
According to the given data we have the following:
PV=$167
FV=$1,000
n=30-year, and strip bond was traded four years after it was issued, hence, n=(30-4)*2 =52
Therefore, 167= $1,000/( 1+r)^52
167/$1,000 =1/(1+r)^52
0.167 =1/(1+r)^52
r =3.50%
Therefore, The semi-annually compounded nominal rate at that time=3.50%*2
The semi-annually compounded nominal rate at that time=7%
The semi-annually compounded nominal rate at that time is 7%
