Answer:
$36
Step-by-step explanation:
Jim worked from 8am - 2 pm , which is 6 hours
Woody worked form 10am - 2pm, which is 4 hours
If we take the total time (4+6 = 10) and divide the amount they got, we have:
$60/10 = $6 per hour worked
Since Jim worked 6 hours, he will be paid 6 * 6 = $36
The rest, 60 - 36 = $24 would be paid to Woody (he worked less).
Jim's fair share of earning is $36
The person would have to leave the money in the bank for 7.8 years for it to reach 13,500 dollars.
Step-by-step explanation:
Step 1; First we must calculate how much interest is generated for a single year. The annual interest rate is 4.5% i.e. 4.5% of 10,000 dollars which equals 0.045 × 10,000 = 450 dollars a year. As the years pass, more and more will be put into the account due to interest.
Step 2; For there to be 13,500 dollars in the bank account we need to calculate how much money is added due to interest.
The money needed to be added through interest = 13,500 - 10,000 = 3,500 dollars.
So we need to determine how long it will take for the bank to add 3,500 dollars by adding 450 dollars a year.
The number of years to reach 13,500 dollars =
= 7.777 years. By rounding this value to the nearest tenth, we get 7.8 years.
The "e" just lets you know that it's scientific notation.