We need to divide for this. Since there are 12 months in a year, we divide his yearly salary by 12.
270,920.64÷12=22,576.72
So, Mr.Castillo's monthly salary is $22,576.72.
1.) (2, 4) and (10, 8)
Distance: 4√5
Midpoint: (6, 6)
2.) (3, 8) and (7, 3)
Distance: √41
Midpoint: (5, 11/2)
3.) (4, 9) and (9, 5)
Distance: √41
Midpoint: (13/2, 7)
To calculate simple interest, you first need to multiply the original amount by the percentage of the money which is going to be added.
In this situation, 500 x 0.05 is the interest which will be added each year.
Therefore, $25 will be added each year. Since it is over 4 years, it is (25*4).
So the account will have earned $100 of simple interest.
Although the account will contain $600, it will have EARNED $100 of interest since it started with $500 already.
Answer - A $100 of simple interest will be earned.
