Begin by clearly stating the problem; you can copy this from the problem set file. Show how you solved the problem step by step,
including any formulas or equations that you used. Finally, state your final answer in a complete sentence, and make sure that you include the correct units with you answer. 1.)Albert borrowed $19,100 for 4 years. The simple interest is $9932.00. Find the rate.
The hourly wage is approximately $26 per hour. Find out how many hours the person works per year by multiplying 40 x 50 to get 2,000 hours. Then divide 52,000 by 2,000 to get the person's hourly wage, which is $26 hours per hour.