It took me 15 minutes to walk 0.4 miles, how fast did i walk?
2 answers:
Answer:
is the answer
Step-by-step explanation:
Speed =
You have the distance and time, all you need is to substitute them in.
Note this would give you the miles per minute. If you need to find the speed miles per second you need to convert 15 minutes to seconds and that is done by multiplying it by 60.
Hope this helps
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Answer:
His annual payment rate required to pay off the loan in 7 years is a year.
He has to pay $11026.85 in interest
Step-by-step explanation:
The first step to solve this problem is find how much the student will have to pay for the car. So, we have to find how much the present value of the car(in $) will be worth in 7 years. This is a compound interest problem:
The compound interest formula is given by:
Where A is the amount of money, P is the principal(the initial sum of money), r is the interest rate(as a decimal value), n is the number of times that interest is compounded per unit t and t is the time the money is invested or borrowed for.
In this exercise, we have:
A = The value we want to find
P = The initial value = 5510
r = 0.17
n = 1
t = 7
So
In a seven year period, he has to pay $16536.85. Per year, he has to pay a rate k of:
His annual payment rate required to pay off the loan in 7 years is
How much does he pay in interest?
His loan is $5510 and he has to pay $16536.85. So, in interest, he has to pay