Answer:
No, equivalent quarterly rate will be approx 1.75%
Step-by-step explanation:
Given that Chan deposited money into his retirement account that is compounded annually at an interest rate of 7%.
We know that there are 4 quarters in 1 year.
So to find that equivalent quarterly we will divide given yearly rate by number of quarters.
That means divide 7% by 4.
which gives 1.75%.
But that is different than Chan's though of 2% quarterly interest.
Hence Chan is wrong.
20 students.
40% are boys. (40/100)*20 = 0.4 * 20 = 8 boys.
Girls= 20 - 8 = 12 girls.
25% of the boys wear glasses. = (25/100)*8 = 0.25*8 = 2 boys wear glasses.
50% of the girls wear glasses. = (50/100)*12 = 0.50*12 = 6 girls wear glasses.
Total students that wear glasses = 2 + 6 = 8 students.
8 students wear glasses.
Given :
A clerk is paid $45.25 per hours for 40 hours a week, 1.50 times the regular rate of overtime and double the rate for a holiday.
To Find :
How much does the clerk get if he works overtime for 5 hours and 2 hours on holidays.
Solution :
Amount from regular job = $ 45.25 × 40 = $1810 .
Amount from overtime = $ (45.25×1.5) × 5 = $339.375 .
Amount from holiday = $ (45.25×2) × 5 = $452.5 .
Total amount clerk will get is :
T = $( 1810 + 339.375 + 452.5 )
T = $2601.875
Hence, this is the required solution.
Number of coin flips
Number of books published
Distance walked, rounded to the nearest kilometer
