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DanielleElmas [232]
3 years ago
5

Mr. Johnson hired a contractor to build a small deck on the back of his house. The cost of materials alone added to $678.12. Whe

n he received the final bill from the contractor, the total amount charged was $1206.12. Verify the accuracy of this bill if labor amounted to 16.5 hours at $32 an hour​
Mathematics
1 answer:
raketka [301]3 years ago
4 0

Answer:

Yes, the bill is absolutely accurate

Step-by-step explanation:

Cost of materials= $ 678.12

Final  bill amount(given)=$1206.12

Rate= $32 per hour for 16.5 hrs

Total amount for 32 hrs = time * rate = 16.5* 32=$528

Therefore, by the problem ,

<em>Cost of materials+ Total amount  for 32 hrs = Final bill amount</em>

= 678.12+ 528

=1206.12

<u>Therefore , the final bill amount is 100% accurate as it completely matches with the given bill amount</u>

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Given, P = ​$1000​, r = 3.5​%, t = 3 months.

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Simple interest is computed on the principal amount of a loan or the first deposit in a savings account. Simple interest does not compound, therefore an account holder will only get interest on the principal, and a borrower will never have to pay interest on previously collected interest.

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