Frank earn %49,300 one year and receive a 6% raise. what is his new salary
1 answer:
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Answer:
(a)His monthly Interest Rate=0.8%
(b)Annual Interest Rate = 9.6%
(c)
Step-by-step explanation:
For a Principal P invested at a yearly rate r, compounded m times in t years
Amount at Compound Interest=
Comparing with Jerry's equation y=388 (1.008)
(a)His monthly Interest Rate= 0.008=0.8%
(b)Annual Interest Rate= Monthly Interest Rate X 12 =0.8 X 12 = 9.6%
(c)If I invest $500 at the same rate of return,
Total Money after m months
=
Answer:
(a)The amount of fuel in dollars = $1.62
(b)The rate equivalent to in U.S. dollars per gallon = $ 1.45
Step-by-step explanation:
Reid will be driving through Spain this summer. He did some research and knows that the average price of gas in Spain is approximately 1.12 euros per liter.
1 USD = 0.69 euros
We have to find the money that we should pay in order to get the same amount of fuel.
1 euro =
1 euro = $1.45
So 1.12 euros = 1.121.45 = $1.62
(a)The amount of fuel in dollars = $1.62
(b)The rate equivalent to in U.S. dollars per gallon = $ 1.45