Answer: Third option is correct.
Step-by-step explanation:
Since we have given that
Initial value of the property = P
Rate of growth = 275%
So, we need to find the property's current value:
We will use "compound interest ":
Hence, Third option is correct.
Answer:
Sean earns $7.5 in each hour.
Step-by-step explanation:
Given:
Money earned by Sean = $300
Number of hours worked in a day = 8 hrs
Number of days of work in a week = 5
We need to find Money earned in each hour.
First we will find Total hours work in a week.
Total hours work in a week is equal to Number of hours worked in a day multiplied by number of days work in a week.
Framing in equation form we get;
Total hours worked in a week =
Now we will find money earned for each hour.
Money earned each hour will be calculated by Dividing Total Money earned in a week by Total number of hours worked in a week.
Framing in equation form we get;
Money earned each hour =
Hence Sean earns $7.5 in each hour.