Where does the time go?

Latency = propagation + transmission (+ queuing + processing). Which term is eating your delay?
1 km – 15,000 km. Signals travel at 2.4 × 10⁸ m/s in cable (Forouzan).
56 kbps – 10 Gbps (log scale).
1 kB – 1 GB (log scale). 1 byte = 8 bits — the exam will check.
Propagation timedistance ÷ 2.4×10⁸ m/s
Transmission timemessage size ÷ bandwidth
Total latencyt_prop + t_trans (queue ≈ 0 here)
Bits in flightbandwidth × t_prop