Answer:
4x10^6
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Let t be the required number of years.
34 + t = 3(6 + t)
34 + t = 18 + 3t
2t = 16
t = 8
The answer is 8 years.
Answer:
75 mph
Step-by-step explanation:
A biker must circle a 12-mile track twice. His average speed must be 60 mph.
So, the average time required to cover the distance is
hours.
Now, on his first lap, he averaged 50 mph.
So, he covered this 12 miles track in
hours.
Hence, he has to cover the next 12 miles track in (0.4 - 0.24) = 0.16 hours.
Therefore, his average speed in the second round must be
mph to qualify. (Answer)
The second option has a lower amount of interest paid.
In order to determine the loan option that minimizes loan payment, the future value of both loan options has to be determined.
FV = P (1 + r)^nm
FV = Future value
P = Present value
R = interest rate
m = number of compounding
N = number of years
<em><u>First loan option </u></em>
65000( 1 + 0.063/12)^300 = 312,707.21
<em><u>Second loan option </u></em>
65000( 1 + 0.048/12)^240 = 169,435.51
A similar question was answered here: brainly.com/question/23082103