Jared worked 10 hrs in one week and earned $87.50 how many dollars per hour did he earn
2 answers:
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Recall the compound interest formula
Where r = 0.04, n = 12 since compounded monthly, t = 30, and p, initial value, is 24000.
Plug them in, 79523.95 seems to be the solution.
Where r = 0.04, n = 12 since compounded monthly, t = 30, and p, initial value, is 24000.
Plug them in, 79523.95 seems to be the solution.