Answer:
- <em><u>The reduction is 8.6%</u></em>
Explanation:
Call F the full monthly pension of a person retiring at 62.
If a person continues to work the pension grows at a rate of 6% per year, compounded monthly, so use the compounded growing formula:
Where r = 6 / 100 = 0.06, and t = number of years after retirement.
<u>For retirement at 65.5</u>:
<u>For retirement at 67</u>:
<u>Percent reduction of people who retire at 65.5 compared to what they would receive at 67</u>:
Answer:
Doug sold 100 sandwiches in his neighborhood.
Step-by-step explanation:
To solve for percentage you have to first find the percentage's decimal. To find this you have to the move the decimal point up to places. This makes 80 into 0.8. After you do this you will mutiply that but the total amount. So 125 times 0.8. Once you do this you should get 100. This means that Doug sold 100 sandwiches in his neighborhood.
1.26 . 15 percent in a decimal would be .15 and then you would multiply .15 and 8.40 to get 1.26!