<h3>Answer: 7366.96 dollars</h3>
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Use the compound interest formula:
A = P(1+r/n)^(n*t)
where in this case,
A = 12000 = amount after t years
P = unknown = deposited amount we want to solve for
r = 0.05 = the decimal form of 5% interest
n = 1 = refers to the compounding frequency (annual)
t = 10 = number of years
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Plug all these values into the equation, then solve for P
A = P(1+r/n)^(n*t)
12000 = P(1+0.05/1)^(1*10)
12000 = P(1.05)^(10)
12000 = P(1.62889462677744)
12000 = 1.62889462677744P
1.62889462677744P = 12000
P = 12000/1.62889462677744
P = 7366.95904248911
P = 7366.96
Multiple 2x * 5x =10x^2
Multiple 2x * -1 = -2x
Multiple 6 * 5x = 30x
Multiple 6 * -1 = -6
Add 30x + (-2x) = -28x
10x^2 + 28x -6 is the final answer
Answer:
100
Step-by-step explanation:
Answer:
<u>$211.50</u>
Step-by-step explanation:
Initially:
21 hours per week at 8.25 per hours means:
21 * 8.25 = 173.25 dollars per person
16 person = 16 * 173.25 = $2772 (total)
2nd phase:
2 more cashier = 16 + 2 = 18 cashiers
Per hour 0.25 more, so 8.25 + 0.25 = $8.50 per hour
1.5 hrs less than 21, so 21 - 1.5 = 19.5 hours
Hence,
18 * 19.5 * 8.50 = $2983.50 (new total)
Change in money paid = 2983.50 - 2772 = $211.50
