Answer:
$341.07
Step-by-step explanation:
Hanna and Dawson both invested at 3.2% = 0.032
Hannah has balance of 31,000 in account
Dawson has balance of 42000 in account
Interests earned by both are
1)Hannah -P(1+i)^-n
=31000(1+0.032)^-1
=31000(1.032)^-1
=31000(0.968992)
=$30038.752
=$30038.75
Interest earned by Dawson is $31,000 - $30038.75 = $961.25
2)Dawson- P(1+i)^-n
=42000(1+0.032)^-1
=42000(1.032)^-1
=42000(0.968992)
=$40697.664
=$$40697.664
Interest earned by Dawson is $42,000 - $40697.66= $1302.32
3) Hence the amount that Dawson earns than is:
=$1302.32-$961.25
= $341.07
Answer:
33250
Step-by-step explanation:
Pedro had earned a gross income of 35200 last year.
So, the gross income of Pedro for the current year will also be 35200.
But, this year he has taken the standard deduction of 5450.
Hence, his current year's income will be reduced to (35200-5450)= 29750.
Again, in the current year, he got an exemption of 3500.
Therefore, the net taxable income of Pedro for the current year will become (29750+3500) =33250. (Answer)
You add the numerators and keep it over the denominator. 4/16 plus 12/16 is 16/16 and when the same number is the denominator and numerator at the same time, its 1
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