Answer:
$2,459.21
Step-by-step explanation:
(see attached for reference)
recall that the formula for compound interest is:
A = P [ 1 + (r/n)^ (nt) ]
where,
A = Final amount ( we are asked to find this)
P = principal amount = given as $2,340
r = Annual Interest Rate = given as 5% = 0.05
n = number of times compounded in a year = 4 (compounded quarterly)
t= time = 1 year
Substituting the values into the equation,
A = P [ 1 + (r/n)^ (nt) ]
A = 2,340 [ 1 + (0.05/4)^ (4·1) ]
A = $2,459.21
Answer:
0.99
Step-by-step explanation:
The computation of the probability for employee goes for shareholder meeting or HR benefits meeting is
= Probability of HR benefits meeting + Probability of shareholder meeting
= 0.33 + 0.66
= 0.99
We simply added the both meeting probability i.e HR benefits and shareholder meeting so that the given probability could come
My answer is reasonable because that is an average hourly rate for minimum wage