Answer:
$176.3193692 or $176.32 (rounded to two decimal places)
Step-by-step explanation:
It is a compound interest, which means the interest accumulates on an initial amount each period.
The formula is A=P(1+R)^n
A= the total amount P=initial amount R=rate n=time (years)
P=$120 Rate= 8% or 0.08 (decimal) n=5 (years)
A=120 (1+0.08)^2
A=120 (1.469328077)
A= 176.3193692
Answer:
a) 150-90 = h(15.25 -9.75)
b) 10.91
Step-by-step explanation:
a) Jennifer has 150 -90 = 60 less in savings than Eduardo, but she is earning 15.25 -9.75 = 5.50 more per hour. An equation she can use to figure her hours is ...
60 = 5.50h . . . . for h hours worked.
In 'raw' form, that might be ...
150 -90 = (15.25 -9.75)h
__
b) Solving the above equation, we get ...
60/5.50 = h ≈ 10.90909 ≈ 10.91 . . . hours
What are you trying to do with this?
$3.25-25% = $2.45
All u do is minus .25% From current b$ amount. And round up cents p
