Answer:
60 represents the distance
Step-by-step explanation:
Given : y is the time in hours that it takes Micheal to travel to his grandparents house,
x is his average speed in miles per hour.
To Find: What does the number 60 represents
Solution :
Time= y
x = speed
So, To find distance we will use formula :
-- A
Given function: --B
On comparing A and B
Distance = 60 miles
So, 60 represents the distance .
Answer:
The amount needed to pay off the loan after 4 years is $70,192
Step-by-step explanation:
When interest is compounded annually, total amount A after t years is given by:
where P is the initial amount (principal), r is the rate and t is time in years.
From the question:
P = $60,000
r = 4% = 0.04
t = 4
The amount needed to pay off the loan after 4 years is $70,192
If we divide the amount by four, we will get the amount that is paid yearly (70192/4 = 17548). $17,548 is paid yearly.