Answer:
He needs to work for 40 whole hours
Step-by-step explanation:
In this question, we are tasked with calculating the amount a Tv will cost Bob in terms of the number of hours he needs to work.
Let’s look at the total cost he has to pay.
a. $500
b. 8% tax = 8/100 * 500 = $40
c. He is paying 2 bills of $35 each making a total of 2 * $35 = $70
The total amount he is to pay is thus; 500 + 40 + 70 = $610
Let’s look at his income ;
a. Bonus $45
b. Birthday gift $85
The total amount of money he has asides his salary to offset the bill is 45 + 85 = $130
The balance to pay from his salary would be $610 - $130 = $480
The number of hours he has to work since he earns $12 per hour would be 480/12 = 40 hours of work
Answer:
Step-by-step explanation:
The formula for the length of a vector/line in your case.
![L = \sqrt{(x_2-x_1)^2 + (y_2-y_1)^2} = \sqrt{[4 - (-1)]^2 + [2 -(-3)]^2} = \sqrt{5^2 + 5^2} = \sqrt{50} = 5\sqrt{2}](https://tex.z-dn.net/?f=L%20%3D%20%5Csqrt%7B%28x_2-x_1%29%5E2%20%2B%20%28y_2-y_1%29%5E2%7D%20%3D%20%5Csqrt%7B%5B4%20-%20%28-1%29%5D%5E2%20%2B%20%5B2%20-%28-3%29%5D%5E2%7D%20%3D%20%5Csqrt%7B5%5E2%20%2B%205%5E2%7D%20%3D%20%5Csqrt%7B50%7D%20%3D%205%5Csqrt%7B2%7D)
Answer:
Nominal Interest rate=11.9%
Step-by-step explanations:
The Fisher effect is a theory propounded by an economist named Irving Fisher.
Fisher's equation shows the relationship between real Interest rate, expected inflation rate and nominal Interest rate.
It can be calculated by subtracting the expected inflation rate from the nominal Interest rate to give the real Interest rate.
Real Interest rate= nominal Interest rate - expected inflation rate
Given,
Real Interest rate= 4.4%=0.044
Expected inflation rate=7.5%=0.075
Nominal Interest rate=?
Therefore,
Real Interest rate=nominal Interest rate - expected inflation rate
Nominal Interest rate=Real Interest rate+expected inflation rate
Nominal Interest rate=0.044+0.075
Nominal Interest rate=0.119
Nominal Interest rate=11.9%
