£10 a hour , 37.5 hours a week, 52 weeks in a year
1 answer:
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Answer: 9.9 years.
Step-by-step explanation:
If interest is compounded continuously, then formula to compute final amount A = , where P =initial amount, r= rate of interest , t=time.
Given: P= $61,000, r= 1.9% =0.019 , A = $ 73600
Substitute all values in formula
Taking natural log on both sides
Hence, the required time = 9.9 years.
Answer:
18% decrease
Step-by-step explanation:
- 7,500 - 6,125 = $1,375
- Set up a proportion:
- Cross multiply, then divide: 1375 × 100 = 137500, 137500 ÷ 7500 = 18 1/3
- 18 1/3% rounded = 18%
- It went down, so it is a decrease
I hope this helps!