The answer is C .12/15 since you can divide A,B,D and get 2/3 but you cannot with C
Answer:
- <em><u>The reduction is 8.6%</u></em>
Explanation:
Call F the full monthly pension of a person retiring at 62.
If a person continues to work the pension grows at a rate of 6% per year, compounded monthly, so use the compounded growing formula:
Where r = 6 / 100 = 0.06, and t = number of years after retirement.
<u>For retirement at 65.5</u>:
<u>For retirement at 67</u>:
<u>Percent reduction of people who retire at 65.5 compared to what they would receive at 67</u>:
Step by Step:
Step 1.) Subract 10 from both sides.
Step 2.) Divide each side by one
answer: x=15
This is not an exponential function. This is a linear function.
75% you add them together then devide by 2