1. hank the handyman charges a flat fee of $75 for a visit plus $45 per hour or fraction of an hour. mr. fixits rates in dollars
1 answer:
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Answer:
The principal investment required to get a total amount of $ 1,000,000.00 from compound interest at a rate of 6% per year compounded 12 times per year over 45 years is $ 67,659.17.
Step-by-step explanation:
Given
- Accrued Amount A = $1000000
- Interest rate r = 6% = 0.06
- Time period t = 45 years
- Compounded monthly n = 12
To determine:
- Principle amount P = ?
Using the formula
substituting A = 1000000, r = 0.06, t = 45, and n = 12
$
Therefore, the principal investment required to get a total amount of $ 1,000,000.00 from compound interest at a rate of 6% per year compounded 12 times per year over 45 years is $ 67,659.17.
First you woyld find how many hours total he worked.
Then take the number of hours and multiply by the pay earned per hour.
They would make $360 per week.
Then take the number of hours and multiply by the pay earned per hour.
They would make $360 per week.