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ArbitrLikvidat [17]
3 years ago
15

IS 0.6 GREATER THAN OR LESS THAN OR EQUAL TO 0.60

Mathematics
2 answers:
Margarita [4]3 years ago
8 0
Equals to. As 0.60 could also be written as 0.6 or 0.600 ( the difference would be the amount of decimals but the value is the same )
victus00 [196]3 years ago
3 0
Equal to. Because 0.6 and 0.60 is the same, because you can add a zero at the end on 0.6
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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:

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Where r = 6 / 100 = 0.06, and t = number of years after retirement.

<u>For retirement at 65.5</u>:

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<u>For retirement at 67</u>:

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<u>Percent reduction of people who retire at 65.5 compared to what they would receive at 67</u>:

  • (1.349F-1.233F)\times 100/(1.349F)=8.6\%
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Step-by-step explanation:

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