Answer:
The percentage increase in salary of employee is 7.14 %
Step-by-step explanation:
Given as :
The initial pay of employee = $35,000 per year
The increase pay of employee = $37,500 per year
Let The percentage increase in salary = X %
So, X =
× 100
Or, X =
× 100
Or, X =
× 100
∴ X = 0.0714 × 100 = 7.14 %
Hence The percentage increase in salary of employee is 7.14 % Answer
Answer:
18.7 years
Step-by-step explanation:
This is a compound interest problem and the following variables have been given;
Principal = 4000; this is the amount o be invested
APR = 9%; this is the compound interest to be earned
Accumulated amount = 20,000
We are required to determine the duration in years. We apply the compound interest formula;


The next step is to introduce natural logarithms in order to determine n;

The number of years required is thus 18.7 years
45 minutes.
3 x
--- ----
4 60
you multiply 60 and 3.
you get 180, then you divide by 4 and get 45 minutes.
20,000 = P ( 1 + 0.1 )^4
20,000 = P * 1.1^4
20,000 = P * 1.461
P = 20,000 : 1.461 ≈ $13,689.25
Answer: Miranda needs to put now in the bank $13,689.25