on a weekend, Neville hagberg worked 13 hours at a double time pay. his regular pay rate was 9.86. what did Neville overtime pay
1 answer:
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Answer:
49% and 30% respectively
Step-by-step explanation:
Step one:
Given data
Principal = Rs. 4,200
Final Amount= Rs. 9282 respectively
time = 2 years and
time = 4 years
Required
The rate of interest for 2 and 4 years
Step two:
the compound interest formula is
A= P(1+r)^t
for 2 years
Substitute
the rate is 49%
For 4 years we have
the rate is 30%