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user100 [1]
2 years ago
10

a bank advertises a 2/1 ARM at 5.15% with a 2/6 cap. what is the maximum interest rate that can be charged during the fifth year

?
Mathematics
1 answer:
NISA [10]2 years ago
7 0

5.15 + 2 is bigger than 6%

5.15 + 6=11.15% i would say is the max
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Answer:

Caleb arrived first 2 hours before Alyssa

Step-by-step explanation:

To solve the situation, find the speed per hour they were driving by dividing the distance they drove by the time it took.

Alyssa drove 105 miles in 3.5 hours or 105/3.5 = 30 miles per hour.

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Since they both left at the same time and drove the same 210 miles to the beach, Caleb arrived first since he was driving faster.

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He arrived 2 hours before her.

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