Andy is alone in the wilderness and eager to get back to camp. Looking at his map (shown below), Andy sees that he might be able
to cut through the brush instead of hiking the trail.
How much shorter would it be for Andy to cut through the brush than hike the trail?
___km
Round the final answer to the nearest tenth of a kilometer. Do not round intermediate calculations.
How much shorter would it be for Andy to cut through the brush than hike the trail?
___km
Round the final answer to the nearest tenth of a kilometer. Do not round intermediate calculations.
1 answer:
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Answer:
The total amount due after five years is $57,000.
Step-by-step explanation:
Recall that simple interest is given by the formula:
Where <em>A</em> is the final amount, <em>P</em> is the principal amount, <em>r</em> is the rate, and <em>t</em> is the time (in years).
Since we are investing a principal amount of $38,000 at a rate of 10.0% for five years, <em>P</em> = 38000, <em>r</em> = 0.1, and <em>t</em> = 5. Substitute:
Evaluate. Hence:
The total amount due after five years is $57,000.