Answer: $43146
Step-by-step explanation:
So his total earning is $54,000. He has to pay $201 for every $1,000 he earns. So 54,000/1,000= 54. So now he has to pay 54*201=10854, 54000-10854=43146. His net income for this year is $43146.
For this, we have to calculate how much money has to be invested at 2.3% interest compounded continuously to achieve $41,000 after 17 years
Formula: A= P * ( 1+r)^t
A= $41,000
r=0.023
t= 17
<span>41,000= P * (1+0.023)^17
</span>41,000= P * (1.023)^17
41,000= P * 1.4719
P= 41,000 : 1.4719
P= $27,731.59
Therefore, the answer is C. $27,731.59
I checked by doing the opposite, and I got $41,000.01, which is the closest to the question<span>
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Answer:
Me
Step-by-step explanation:
Answer:
$56
Step-by-step explanation:
100 - (100(0.30)) = 100 - 30 = 70
70 - (70(0.20)) = 70 - 14 = 56
Answer: A 15
Step-by-step explanation:
