Answer:
I'll setup the problem and you can compute the answer
Step-by-step explanation:
The formula for simple:
I = P*r*t
I = interest
P = loan amount
r = interest rate per period (period = days)
n = number of periods
P = 10,170
r = .0764/365
t = 272
The formula is
A=p (1+r)^t
A future value?
P present value 160000
R interest rate 0.16
T time 3years
A=160,000×(1+0.16)^(3)
A=249,743.36
Use that future value to find the present value at a rate 8% compounded annually
To find p (present value) solve the formula for p
P=A÷ (1+r)^t
Where r is 0.08
P=249,743.36÷(1+0.08)^(3)
p=198,254.33
Answer: 10540 meters
Step-by-step explanation:
d(t) = 340t
to find how far it travels in 31 seconds, plug 31 into t
d(31) = 340 * 31
d(31) = 10540 meters
