Set Up an Equation and Solve the Following Problem

question 187

Multiple Choice

Set up an equation and solve the following problem. Andy starts walking from point A at 2 miles per hour. One-half hour later, Aaron starts walking from point A at 4 miles per hour and follows the same route. How long (in hours) will it take Aaron to catch up with Andy?

• A) 1 hour
• B) 0.45 hour
• C) 0.75 hour
• D) 0.5 hour

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Definitions:

Book Value

Book value represents the value of an asset according to its balance sheet account balance, taking into account the original cost minus depreciation, amortization, or impairment costs.

Amortized

Adjusted through gradual reduction of the loan balance or asset value over time by making regular payments that cover both principal and interest.

Goodwill

An intangible asset that arises when a business is purchased for more than the fair value of its net identifiable assets.