O.533333333,basically 8 divide by 15
Answer:
I would rather do the second option of which uses Compound interest that will give a profit of $47.85
Step-by-step explanation:
In this problem we will be exploring the two formulas
1. simple interest
A= P(1+r*t)
2. compound interest
A= P(1+r/n)^nt
Where A= final amount
P= initial amount
r= rate
t= time.
n= number of periods Compounded
1.given data
P= $600
r= 3%= 3/100= 0.03
t= 2 years
A= 600(1+0.03*2)
A= 600(1+0.06)
A= 600(1.06)
A= $636
Interest = 636-600= $36
2. Given data
P= $600
r= 4%= 4/100= 0.04
n= 24
t= 2
A= 600(1+0.04/24)^24*2
A=600(1+0.0016)^48
A=600(1.0016)^48
A= 600*1.07975
A= 647.85
Interest = 647.85-600= $47.85
Answer:
31..?
Step-by-step explanation:
517 divided by 27 equals 31
Answer:
y=4x-1
Step-by-step explanation:
Answer:
Step-by-step explanation:
She has 28056 before any deductions are taken off. As far as the IRS is concerned every penny she earns is fully accountable for the 4 categories that she has to pay into.
The problem with the question is you are not told what is wanted. Do they want the income before or after the deductions have been made or do they want the accountable sum (28056)? I don't really know. 28056 is one possible answer.
Total deductions
- Federal Tax 3780.90
- State Tax 770.98
- Medicare 406.81
- SSI <u>1739.47</u>
- All Deductions 6698.16
Income = 28056 - 6698.16 = 21357.84
I think the answer you want is 28056
One answer it is not is 4*28056 = 112224. The tax is far too low for that kind of income.