Find the annual interest rate. Round your answer to the nearest hundredth of a percent. I=$160.67, P=$2000, t=8 months
1 answer:
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Answer:
a. 5% of the employees will experience lost-time accidents in both years
b. 24% of the employees will suffer at least one lost-time accident over the two-year period
Step-by-step explanation:
a. What percentage of the employees will experience lost-time accidents in both years?
20% last year, of those who suffered last year, 25% during this year. So
5% of the employees will experience lost-time accidents in both years.
b. What percentage of the employees will suffer at least one lost-time accident over the two-year period?
5% during the two years.
10% during the current year. 25% of employees who had lost-time accidents last year will experience a lost-time accident during the current year.
So the 10% is composed of 5% during both years(25% of 20%) and 5% of the 80% who did not suffer during the first year.
First year yes, not on the second.
75% of 20%. So, total:
24% of the employees will suffer at least one lost-time accident over the two-year period