<u><em>Answer:</em></u>
Her hourly rate is $8.25
<u><em>Explanation:</em></u>
Tatianna works 3 hours a day on school days and makes a total of $123.75 in a week
<u>We know that:</u>
There are 5 school days in a week
<u>We are given that:</u>
She works for 3 hours a day each of those days
<u>Therefore:</u>
Total number of hours worked = hours worked daily * number of days
Total number of hours worked = 3 * 5 = 15 hours in a week
<u>The equation used to calculate Tatianna's earnings is:</u>
Amount she makes in a week = Total number of hours worked * hourly rate
<u>Now, we substitute with the givens to get the hourly rate as follows:</u>
Amount she makes in a week = Total number of hours worked * hourly rate
123.75 = 15 * hourly rate
Hourly rate = $8.25
Options :
a.) P=1.005Po
b.) P=1.02Po
c.) P=Po(0.02/4)
d.) P=Po(4.02/4)
e.) P=Po(1+ 0.02/4)
Answer:
a.) P=1.005Po
d.) e.) P=Po(1+ 0.02/4)
Step-by-step explanation:
From the compound interest formula:
P = P0(1 + r/n)^t
Rate = 2% = 2/100 = 0.02
n = Number of compounding times per period, quarterly ; n = (12 /3) months
P = P0(1 + 0.02/4)^1
P = p0(1 + 0.02/4)
Simplifying further :
P = P0(1 + 0.005)
P = p0(1.005)