It is that the angle has to be formed by two pairs of congruent/corresponding sides of the triangle
A loan of $50,000 is taken out for six years at 9% interest compounded annually. If the loan is paid off in full at the end of that time period, $50433 must be returned.
<h3>What is Compound interest?</h3>
- Compound interest is calculated by multiplying the initial loan amount, or principal, by one plus the annual interest rate multiplied by the number of compound periods multiplied by one.
- Compound interest is when you earn interest on both your savings and your interest earnings. When you compound interest, you add the interest you've earned back into your principal balance, which earns you even more interest, compounding your returns.
- Assume you have $1,000 in a savings account earning 5% interest per year. You'd earn $50 in year one, giving you a new balance of $1,050. Compound interest occurs when interest earned on savings begins to earn interest on itself.
To learn more about Compound interest, refer to:
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Answer: he hiked 5.6 miles up the canyon.
Step-by-step explanation:
Let x represent his speed hiking uphill.
His speed running downhill was 2.8 mph greater than his speed hiking uphill. This means that his speed running downhill would be x + 2.8
Distance = speed × time
Kevin hiked up Lamb’s Canyon in 2 hours. This means that the distance covered by hiking uphill is 2 × x = 2x
He ran back downhill in 1 hour. This means that the distance covered by running downhill is 1 × (x + 2.8) =
x + 2.8
Since the distance uphill is the same as the distance downhill, then
2x = x + 2.8
2x - x = 2.8
x = 2.8
Therefore, the distance hiked up the canyon is
2x = 2 × 2.8 = 5.6 miles
