What is the range of these wages £140 £525
1 answer:
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Answer:
<h2>Step-by-step explanation:
Since the sequence above is a geometric sequence
For an nth term in a geometric sequence
<h3>where
a is the first term
r is the common ratio
n is the nth term
To find the common ratio divide the previous term by the next term
That's
<h3>So the common ratio / r = 7
the first term is - 1
Substitute the values into the above formula
<h3>We have the final answer as
<h3>Hope this helps you
Answer:
Amount per month contributed by employer $ = 200*0.70 = 140
Total amount employer contributes $ = 140*420 = 58800
Total amount employee contributes $ = 200*420 = 84000
Total amount after 35 years with interest calculated AT 4.8% (Employer + employee + interest) $ = 371024.67
Interest amount for 35 years accumulated $ = 228224.67
Amount deposited by employee $ = 84000
Excess amount in the account over the employee contribution
Including employer contribution $ = 287024.67
Excluding employer contribution $ = 228224.67
Step-by-step explanation:
LOOK AT THE PICTURE FOR STEPS
