To solve the problem we use the compound formula given by:
A=p(1+r/100)^n
where:
A=future amount:
p=principle
r=rate
A=1000000, r=11.6%, n=40
plugging the value in the formula we get:
1000000=p(1+11.6/100)^40
solving for p we get:
1000000=80.6432p
p=12400.300
rounding to the nearest 1000 we get
p=$12000
Answer:
<span>A.) 12,000</span>
The base is 315. Perimeter of base is 72.
From 8.30 pm to 12 : 00
Difference = 12 : 00 - 08:30 = 3 : 30
3 hours 30 minutes = 3.5 hours.
Total for those hours = 3.5 * 1000 = $3500
From 12:00 to 1:00 am = 1 hour.
50% increase = 50% of 1000 = .50 * 1000 = 500
So it will increase to 1000 + 500 = $1500 per hour.
For the 1 hour extra, 1 * 1500 = $1500
Total = $3500 + $1500 = $5000
She will be paid $5000
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