7/15 or o.46 that is the answer to this question
Answer:
- <em><u>The reduction is 8.6%</u></em>
Explanation:
Call F the full monthly pension of a person retiring at 62.
If a person continues to work the pension grows at a rate of 6% per year, compounded monthly, so use the compounded growing formula:
Where r = 6 / 100 = 0.06, and t = number of years after retirement.
<u>For retirement at 65.5</u>:
<u>For retirement at 67</u>:
<u>Percent reduction of people who retire at 65.5 compared to what they would receive at 67</u>:
First let's make both the miles and the hours ran improper fractions:

So, to find our miles per hour, we have to divide the miles by the hours to get: 
Answer:
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Step-by-step explanation:
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