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Answer:
3.54 and 1.04
Step-by-step explanation:
Given:
Two towns are 1,100 miles apart.
A group of hikers Starts from each town and walks down the trail toward each other..
They meet after a total hiking time of 240 hours.
If one group travels 2 1/2 mile per hour slower than the other group.
Question asked:
Find the rate of each group.
Solution:
Let speed of faster hiker =
Speed of slower hiker =
As we know:
Total distance between two town = Total combined speed of both hikers Total combined time taken
Speed of faster hiker = = 3.54 miles per hour.
Speed of slower hiker = =
Therefore, speed of faster hiker is 3.54 miles per hour and speed of slower hiker is 1.04 miles per hour.
You have to save $439.50 each month to reach your goal if you cover closingcosts and the down payment.
A down payment is a sum of money that a buyer pays in the early stages of purchasing an expensive good or service.
You want to buy a house in 9 years.
The estimated cost is $175,800.00. You want to make a 20% down payment and closing costs are 7%.
The amount for the down payment:
175,800 x 20% = 35,160
The closing cost of house is;
175,800 x 7% = 12,306
Amount to save: 35,160 + 12,306 = 47,466
The monthlysavings is;
9 years x 12 months = 108 months
47,466 / 108 = 439.50 savings per month.
Hence, you have to save $439.50 each month to reach your goal if you cover closingcosts and the down payment.
Learn more about down payment here;
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