[1] Two out-of-town firefighting crews have been called to a wildfire in the mountains. The Wescott Fire Station is 96 mi
from the fire, and the Broadmoor Fire Statin is 88 mi from the fire. The fire truck from the Wescott Fire Station travels
6.4 mph faster than the Broadmoor fire truck. If it takes the trucks the same amount of time to reach the fire, what is the
average speed of each truck?

The amount after 3 years of investment is $20763  .

Step-by-step explanation:

Given as :

The principal invested = p =$15,000

The rate of interest = r = 3% compounded annually

The time period = t = 11 years

Let The Amount after 3 years = $ A

From Compounded method

Amount = Principal ×

Or, A = p ×

Or, A = $15,000 ×

Or, A = $15,000 ×

Or, A = $15,000 × 1.3842

Or, A = $20763

So, Amount = A = $20763

Hence The amount after 3 years of investment is $20763  . Answer