A person earns $187.42 before deductions for 3 days' work. What is the rate of pay per hour assuming 8 hours of work per day?
1 answer:
You might be interested in
Answer:
$5,909.97
Step-by-step explanation:
We will use the compound interest formula for this problem as shown below:
<em>P = initial balance</em>
<em>r = interest rate (decimal)</em>
<em>n = number of times compounded annually</em>
<em>t = time</em>
<em />
First, change 3.6% into a decimal:
3.6% -> -> 0.036
Now plug in the values:
After 2 years, the balance would be $5,909.97
We simply place a bar on the value 91 after the initial zero
Here, we want to write the correct bar notation for the given recurring decimal
To get the correct notation, we need to know the value that is repeating
Looking at the decimal, we can see that the value repeating or recurring is 91
So, the correct way is to write 0.91 and place a bar on the value 91
We can have this as;
