Amount in compound interest = p(1 + r/t)^nt where p is the initial
deposit, r = rate, t = number of compunding in a period and n = period.
Here,
Amount after t years = 103(1.02)^t
i.e. 1 + r = 1.02
r = 1.02 - 1 = 0.02
Therefore, annual interest rate = 0.02 x 100 = 2%
Answer:
A) We know that she make $7 per hour, with this we can make a table:
1hr | $7
2hr | $14
3hr | $21
etc...
B) If in one week she earns $105 and 1w = 7h (1hr = $7) holds true, that means that we have to divide 105 by 7 which gives us 15hrs
C) If she baby-sat for 24hrs, we just have to multiply that by 7 and we get $168
Hope that helped!
What is the "in" for in your equation? Repost.
Answer:
1.955
Step-by-step explanation:
$31.28 ÷ 16 = 1.955