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3 years ago

An operator in the plant has a monthly salary of $2575. Thirty-three percent (33%) of her salary is deducted for income tax.

Mathematics

1 answer:

katovenus [111]3 years ago

6 0

2575X.33=849.75

2575-849.75=1,725.25

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<h3><u>Solution:</u></h3>

Given that $ 100 at 2 % interest , compounded annually for "x" years

<em><u>The formula for compound interest, including principal sum, is:</u></em>

$A=P\left(1+\frac{r}{n}\right)^{n t}$

A = the future value of the investment/loan, including interest

P = the principal investment amount (the initial deposit or loan amount)

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n = the number of times that interest is compounded per unit t

t = the time the money is invested or borrowed for

Here in this sum,

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