Answer:
You should have $1,463.95
Step-by-step explanation:
The formula for this is A=P(1+r)^x
P being the initial amount, r being the percentage, and x being the time passing.
<u>1. Write out the equation:</u> A=1400(1+0.015)^3
REMEMBER- writing percentages into decimals is moving the decimal point two times to the left--or dividing by 100!
<u>2. Parentheses:</u> 1400(1.015)^3
At this point, you're going to want to do exponents first (PEMDAS). If you're typing this into a calculator it should just give you the answer right away with the full equation.
<u>3. Answer:</u> 1463.95 (rounded to the nearest hundredth).
**I apologize if this is wrong; I haven't done it in a while so I don't know if I did 3 years or 3 months.. lol. That's probably not helping with the confidence level, but good luck!
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Answer: R(t) = 10 + 0.50t
Step-by-step explanation:
From the question, we've been informed that Joseph's hourly rate is $10 and that for every year he works at the grocery store, his hourly rate increases by $0.50.
Therefore, the function will be
R(t) = 10 + 0.50t
Times all 4 sides. And then u have ur answer.
