The value of a machine when new is £8000. The value depreciates by 10% each year. Work out its value after 3 years
1 answer:
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Answer: $10.33
Step-by-step explanation:
Given: Julio is payed 1.2 times his normal hourly rate for each hour he works over 30 hours in a week.
Last week he worked 40 hours ( > 30 hours by 10 ) and earned $495.60.
Let r = Julio's hourly rate
if he worked over 30 hours in a week, then hourly rate = 1.2r
According to the question
Hence, his hourly rate = $10.33