How much interest is earned on $2,700 in one year if it is invested at 3%?
2 answers:
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Their earnings would be the same after 4 hours
Let the number of hours be x, and the weekly earning be y
So, the given parameters are:
<u>Kimi</u>
- Earnings = $9 per hour
- Weekly allowance = $8
So, the equation for Kimi's weekly earning is:
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<u>Jordan</u>
- Earnings = $7 per hour
- Weekly allowance = $16
So, the equation for Jordan's weekly earning is:
Equate both equations
Collect like terms
Divide both sides by 2
Hence, their earnings would be the same after 4 hours
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