I need help with my math test can anyone get on a zoom to help..
1 answer:
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Answer:
9.694 years
Step-by-step explanation:
Let the investment is $P.
So, we are asked to determine the time it will grow to triple with the compound interest rate of 12%.
Let the time is y years.
So, from the formula of compound interest we can write
⇒
⇒
Now, taking log both sides we get,
y log 1.12 = log 3 {Since, }
⇒ 0.04922y = 0.477712
⇒ y = 9.694 years (Answer)
Answer:
Step-by-step explanation:
Given
Normal Hour = 32 hours
Overtime = Hours above 32
Rate for Overtime = 1.4 times normal rate
Earnings = $535.62
Required
Determine the normal hour pay
First, we need to determine the hours worked overtime.
This is:
The equation that binds all the parameters is:
This gives:
Solve for r