Answer:
Rate of interest r = 2.83 % (Approx.)
Step-by-step explanation:
Given:
Amount invested p = $2,600
Amount get A = $4,300
Number of year n = 18
Find:
Rate of interest r
Computation:
A = p(1+r)ⁿ
4,300 = 2,600(1+r)¹⁸
(1+r)¹⁸ = 1.653846
Rate of interest r = 2.83 % (Approx.)
Answer: .320 is greater than .051 (use the > sign)
Step-by-step explanation:
too lazy to explain, but yes
85 is the employer contribution and there is 12 months in a year 85x12=1020
His profit =$71.00
Profit % = 52.6 % (to 1 decimal place)
