Answer:
11.7
Step-by-step explanation:
Answer:
Part A)
Part B)
Step-by-step explanation:
we know that
The compound interest formula is equal to
where
S is the Future Value
P is the Present Value
r is the rate of interest in decimal
t is Number of Time Periods
n is the number of times interest is compounded per year
Part A)
in this problem we have
Part B) How much money will Marcus have in the account in 7 years?
we have
substitute in the formula above
Answer: 2.7 hours
Step-by-step explanation:
3 x 54 = 162, 162 is how many miles the drive is. If he is going 60 mph you have to divide 162/60 and you get 2.7 hours