As part of the performance bonus in a certain company, an employee will earn a 1 % increase every month. Ricka earns P 20 000 ev
ery month. How much will she earn after a year?
1 answer:
Answer:
FV= $22,536.5
Step-by-step explanation:
Giving the following information:
Growth rate (i)= 1% monthly
Present value (PV)= $20,000
Number of periods= 12 months
<u>To calculate how much will the employee earn after a year, we need to use the following formula:</u>
FV= PV*(1+i)^n
FV= 20,000*1.01^12
FV= $22,536.5
You might be interested in
The answer is D, because in the step before that it was proved that the triangles were congruent and CPCTC is used after they are proved congruent.
Answer:
0.566666666
Step-by-step explanation:
7,000lbs x 1=3.5 tons. 3.5 tons is 7,000lbs.
Answer:
B. 9x10^4
Step-by-step explanation:
89 squared. The hypotenuse is equal to 9.434 which is 89 squared.
