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Home » \[ 100a + 10b = 20 \] - Ready Digital AB

\[ 100a + 10b = 20 \] - Ready Digital AB

📅 March 8, 2026 👤 scraface

Mar 08, 2026

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📌 Average speed is:

📌 \text{Average Speed} = \frac{\text{Total Distance}}{\text{Total Time}} = \frac{420}{7} = 60 \text{ km/h}

📌 #### 60 km/h

📌 A loan of $15,000 is to be repaid in 5 equal annual installments with an interest rate of 6% per annum. What is the amount of each installment?

📌 Using the annuity formula:

📌 A = \frac{P \times r \times (1 + r)^n}{(1 + r)^n - 1}

📌 where \( P = 15000 \), \( r = 0.06 \), and \( n = 5 \).

📌 A = \frac{15000 \times 0.06 \times (1 + 0.06)^5}{(1 + 0.06)^5 - 1} \\

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