Answer:
$8.8
Step-by-step explanation:
The expression 1000(1.1)^t represents the value of a $1000 investment that earns 10% interest per year, compunded annually for t
1 answer:
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Answer:
Rita must work 50 days to save at least $25.
Step-by-step explanation:
The amount Rita earns per hour = $10
The saving percentage = 5%
So, the savings of Rita per hour = 5% of $10
⇒5% of $10 =
or Rita saves $0.5 per hour.
The amount she wants to save at minimum = $25
So, let she works at the minimum of k Days.
⇒
or,
The number of hours she has to work = 50 days
Hence, Rita must work 50 days to save at least $25.