Answer: Raju travels at a higher speed.
Step-by-step explanation:
Speed inversely proportional to time.
As time taken to cover a particular distance decreases the speed will increase.
Raju covers a certain distance in 1 hour.
Sham covers the same distance in 2 hours.
1< 2
Thus Raju travels at a higher speed.
Answer:$ 7425.89
Step-by-step explanation:
Formula to find the compound amount ( compounded semiannually) :-
, where P is the principal amount, r is rate of interest ( in decimal), and n is time in years.
Given : P= $7000
r=2.975%=0.02975
Time : n= 2
Then, The amount in account after 2 years:-
Hence, Amount in account after 2 years = $ 7425.89