Tess earned $52 for 4 hours of shoveling snow and $71.50 for 5.5 hours of shoveling snow. How long would she have to shovel snow
2 answers:
You might be interested in
Answer:
The balance after the payment is $1263.84.
Step-by-step explanation:
The formula for amount after compound interest is
Where, P is principal, r is rate of interest, n is number of time interest compounded in a period, number of periods.
According to the given information,
P=1455.69
r=0.128
n=365
t=45
Put these values in the above formula,
The amount after compound interest is $1478.84. Add late fee chages $35 in this amount and subtract the payment of $250. So, the balance amount after payment is
Therefore the balance after the payment is $1263.84.