The answer is 5/6. It can’t be simplified any further.
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Formula for exponential growth is:
A = P(1+r)^t
Where A is the resulting amount, P is the initial value, r is the rate, and t is the time passed.
Filling this out for this situation gets you:
13400 = 10000(1+r)^6
Solving for r:
Divide 13400 by 10000
1.34 = (1+r)^6
Take the 6th root of both sides...
1 + r = 1.05
No more work is needed, since you aren’t solving for r.
Full equation:
V = 10000(1.05)^t
Answer C is correct
Answer:
Step-by-step explanation:
To find the hourly rate, we would first need to take the total earnings and subtract the bonus.
$164 - $50 = 114
This gives us the total money earned for hourly work.
Then we need to add the total hours worked: 4 + 8 = 12.
Lastly, we need to take the total money earned and divide it by the total hours worked: 114 / 12 = 9.50 or $9.50 per hour.
The equation could look like:
4h + 8h + $50 = $165
