Answer:
The rate of interest is 20% and the sum is $3,750
Step-by-step explanation:
In order to calculate the sum and rate of interest we would have to make the following calculation:
rate of interest= (sum in 4 years-sum in 3 years)*100/sum in 3 years*1
According to the given data we have the following:
sum in 4 years=$7,776
sum in 3 years=$6,480
Therefore, sum in 4 years-sum in 3 years=$7,776-$6,480=$1,296
Therefore, rate of interest=$1,296*100/$6,480*1
rate of interest=20%
To calculate the sum we would have to make the following calculation:
FV=PV(1+20%)∧3
$6,480=PV(1,20)∧3
PV=$3,750
Sum is $3,750
I’m confused on your question
Answer:
the answer is the last one
Step-by-step explanation:
so the answer is d
All percentages can be expressed as fractions or decimals. To find a percentage of a number, we multiply the percentage with the number. In this case:
3/100 * 16/1 = 48/100 = 0.48
Or:
0.03 * 16 = 0.48
Her new hourly wage would be $16.48
$9 a day for 8 days.
So, for every day that went by they earned $9. In other words the answer is the Amount of Money Earned per day multiplied by the number of days!
So!
$9 * 8days
Or you can also think of it as this:
9+9+9+9+9+9+9+9
Our answer comes out to be 72!
