Answer:
The answer is $350
Step-by-step explanation:
00 = 8 hours
28/8 = 3.5
3.5(100) = 350
The worker would earn $350 in 28 hours
Answer:
it is 2
Step-by-step explanation:
i think it is
Answer:
$2,226.96
Step-by-step explanation:
You are going to want to use the compound interest formula, which is shown below.
<em>P = initial balance
</em>
<em>r = interest rate
</em>
<em>n = number of times compounded annually
</em>
<em>t = time
</em>
<em />
First, change 10% into its decimal form:
10% -> 
-> 0.1
Now lets plug in the values into the equation:
The final amount after 15 years is $2,226.96
Answer:
4.4%
Step-by-step explanation:
47.9 divided by 11 is 4.3545454545...
Round the 4.35454545.. to the closest
This is 4.4 percent
Answer:
Option A,$ 1,832.91 is correct
Step-by-step explanation:
The monthly payment can be computed using the below pmt formula i excel shown below:
=pmt(rate,nper,-pv,fv)
rate is the monthly rate on the mortgage which is 17.5%/12=0.014583333
nper is the number of months of payment i.e 30*12=360
pv is the amount of the loan which is $125,000
fv is the total amount of repayment which is unknown
=pmt(0.014583333
,360,-125000,0)=$ 1,832.91
The correct option is A,$ 1,832.91 which is the amount of money they need to pay back on the mortgage for 360 months
