Answer:
He must work 52 days to pay for a single ticket.
Step-by-step explanation:
This question can be solved using proportions.
Per hour:
Joel earns $7.25 per hour, 20% of which is deducted for taxes. So without taxes, in each hour, he earns 100%-20% of 80% of this, so 0.8*7.25 = $5.8.
Per day:
He works 9 a.m. to 5 p.m. each day, so 8 hours a day.
For each hour, he earns $5.8.
So in a day, he makes 8*5.8 = $46.4
How many days he must work:
The ticket costs $2400.
He makes $46.4 a day.
So, to buy a ticket, he needs to work:
2400/46.4 = 51.7 days
Rounding up
He must work 52 days to pay for a single ticket.
24,610. All you have to do is multiply 5 and 4,852 and add 150.
Answer:
4 option D
Step-by-step explanation:
Note that log2(2^n)=n
Thus we have:
Log2(2)+log2(8)=1+log2(2³)=1+3=4
The second option has a lower amount of interest paid.
In order to determine the loan option that minimizes loan payment, the future value of both loan options has to be determined.
FV = P (1 + r)^nm
FV = Future value
P = Present value
R = interest rate
m = number of compounding
N = number of years
<em><u>First loan option </u></em>
65000( 1 + 0.063/12)^300 = 312,707.21
<em><u>Second loan option </u></em>
65000( 1 + 0.048/12)^240 = 169,435.51
A similar question was answered here: brainly.com/question/23082103
