Find the specified amount for the investment:$5,000.00 invested at 8.1% compounded quarterly; find the account balance at the en
2 answers:
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Answer:
The rate of the current is 2 miles per hour.
Step-by-step explanation:
Let us assume that the rate of the river is v miles per hour.
The speed of the boat is 12 miles per hour.
Let us assume also that the boat can go 21 miles in t hours in the downstream and 15 miles upstream at the same time i.e. t hours.
So, from the condition given we can write that
......... (1), and
......... (2)
Now, adding those two equations we get
⇒ hours
Now, from equation (1), we get,
⇒ v = 2 miles per hour
Therefore, the rate of the current is 2 miles per hour. (Answer)