1) Since this is a Continuously Compounded operation in a 10 yrs period, then we can write out the following equation:
2) Plugging into the equation the given data and since Otto is 20 yrs old and he plans to get $4,000 in ten years, we can write out:
3) Thus the rate Otto needs is
Note that since the 0.1386 the six here is greater than 5 then we can round up to the next thousandth, in this case: 0.139. For the 0.1386 is closer to 0.139 (0.004) than to 0.138 (0.006).
Or 13.9%
Answer:
y=90x+2,000
Step-by-step explanation:
90 is the rate of change because the hot air balloon descends 90 feet per minute.
And 2,000 is the starting point because the hot air balloon started the descent at 2,000 feet.
The amount of George's income that is subject to withholding is <u>$75,000</u>, which excludes the alimony income.
<h3>What is alimony income?</h3>
Alimony income represents the amount received from a spouse or a former spouse under a divorce or separation instrument.
<h3>What are the incomes subject to withholding?</h3>
The incomes subject to withholding include the following:
- Regular
- Commissions
- Vacation pay
- Reimbursements
- Other expense allowances
- Pensions
- Bonuses
- Dividends
- Gambling winnings.
<h3>Data and Calculations:</h3>
Wages income = $50,000
Gambling winning = $20,000
Alimony income = $10,000
Dividend income = $5,000
Income subject to withholding = $75,000 ($20,000 + $20,000 + $5,000)
Thus, George's income that is subject to withholding is <u>$75,000</u>, excluding the alimony income.
Learn more about withholding tax at brainly.com/question/26781826
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Basically a proportion so it’d be 1in/300 mi = 3in/x mi
cross multiple that out and you get 300•3=x and then just solve for x. the answer should be 900 miles.
