Ms. Lui earned an annual income of 775,000, what is the weekly salary?
1 answer:
Answer:
$14,903.85
Step-by-step explanation:
So, Ms. Lui earns $775,000 each year. To find the weekly salary, we have to divide the annual income by the amount of weeks in a year. There are about 52 weeks in one year. Let's find the weekly salary:
Therefore, Ms. Lui earns $14,903.85 a week.
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Answer:
<em>Mrs. Adams will earn $3,120 of interest at the end of year 8.</em>
Step-by-step explanation:
<u>Simple Interest</u>
In simple interest, the money earns interest at a fixed rate, assuming no new money is coming in or out of the account.
We can calculate the interests earned by an investment of value A in a period of time t, at an interest rate r with the formula:
Mrs. Adams deposited an amount of A=$12,000 into an account that earns an annual simple interest rate of r=3.25%. We must find the interest earned in t=8 years. The interest rate is converted to decimal as:
The interest is then calculated:
Mrs. Adams will earn $3,120 of interest at the end of year 8.