Answer:
He will make $53,330
Step-by-step explanation:
In this question, we are tasked with calculating how much Mr Santiago will make in three years.
To calculate the future value of his earnings, we can use the formula for the future value of the salary
Mathematically, the FV = I(1 + r)^t
Where I is the initial amount of $51,000
r is the interest rate which is 1.5% = 1.5/100 = 0.015
t is the time in years which is 3 years
We plug these values into the equation above;
FV = 51,000(1+0.015)^3
FV = 51000(1.015)^3
FV = 53,329.59 which is $53,330 to the nearest whole dollars
Answer:
where f(x) is the bonus every year and x is in number of years
Step-by-step explanation:
The function that represents the situation where $840 annual bonus increases by 5% each year is given by
where f(x) is the bonus every year and x is in number of years
Answer:
a = $17.25
Step-by-step explanation:
let the money spend on the necklace be a
we have
15.75 +1.5*2 +a + 14 = 50
-> a = 50 -15.75 -3-14
-> a = $17.25
Answer:
Is there supost to be an image or options orrr?....
Step-by-step explanation:
