Solve the Problem. -A Man Rode a Bicycle for 14 Miles and Hiked

question 23

Multiple Choice

Solve the problem.
-A man rode a bicycle for 14 miles and hiked an additional 8 miles. The total time for the trip was 6 hours. If his bicycling rate was 5 miles per hour faster than his hiking rate, then what was his
Hiking rate?

• A) 2 mph
• B) 3 mph
• C) 1 mph
• D) 4 mph

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Definitions:

Annual Interest Payment

The total amount of interest to be paid each year on a loan, bond, or other financial instrument.

Straight-line Method

A depreciation method that allocates an equal portion of the initial cost of an asset to each year of its useful life.

Present Value

The current value of a future sum of money or stream of cash flows given a specified rate of return, accounting for time value of money.

Compounded Annually

A method of calculating interest where the interest is added to the principal at the end of each year, and the following year's interest is calculated on the total amount.