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>:
It's the third one. It is the correct option.
Answer: PQ = 18
Step-by-step explanation:
You would divide 21/14 to see what the size difference in the triangles is to get 1.5. 1.5x12=18
(1 + x) (13) = 13+6.5
13x + 13 = 19.5
13x = 6.5
x = 0.5
The item was marked up by 50%