Answer:
£24,980
Step-by-step explanation:
total pay = monthly salary + percent of annual profit + £250 bonus
monthly salary = £1,850
annual salary = 12 × £1,850 = £22,200
agency income = £356,000
agency costs = £280,000
annual profit = income - costs = £356,000 - £280,000 = £76,000
percent of annual profit = 3% × £76,000 = 0.03 × £76,000 = £2,280
£250 bonus = 2 × £250 = £500
total pay = monthly salary + percent of annual profit + £250 bonus
total pay = £22,200 + £2,280 + £500
total pay = £24,980
Based on the information, Christian would have $5525.5 of an annuity.
<h3>How to calculate the annuity?</h3>
According to the given information, the number of coffees per week is 3 then, per month is 3x4 = 12
Each coffee is $4.5. Then monthly expenditure for coffees is 12 x 4.5 = $54
Rate of interest r = 1.6% = 1.6/100 = 0.016 and for monthly compounding r = 0.016/12 = 0.00133
n = number of payments = 8 x 12 = 96
We can use the formula for finding the future value as below
FV = C x [ ( 1 + r )n-1 ] / ( r )
FV = 54 x [ ( 1 + 0.00133 )96 – 1 ] / (0.00133)
= 54 x [ (1.13609 - 1)] / (0.00133)
= 54 x 0.13609 / (0.00133)
= 54 x 102.3233
= 5525.5
Therefore Christian would have $5525.5 of the annuity.
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The mean of the following dot plot:
Mean: 3
Step-by-step explanation:
0 x 1 = 0
3 x 1 = 3
6 x 1 = 6
(we only add the numbers that only has a dot on the number in the dot plot)
So:
Mean: 0 + 3 + 6 = 9/3 = 3
Read more on Brainly.com - brainly.com/question/16754217#readmore
this was my previous answer from your other question
Answer:
$7
Step-by-step explanation:
Answer:0.4375
Step-by-step explanation:
To solve the problem, we start by labeling 1/2 of 7/8 like this:
N1/D1 of N2/D2
Then we use this fraction of a fraction formula to solve the problem:
(N1 x N2) / (D1 x D2)
When we enter 1/2 of 7/8 into the formula, we get:
(1 x 7) / (2 x 8) = 7/16
Therefore, the answer to 1/2 of 7/8 in its lowest form is:
1/2 of 7/8 = 7/16
