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Chanelle deposits $7,500 into the bank. She does not withdraw or deposit money for 6 years. She earns 6% interest during that ti
1 answer:
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Answer:
4 hours to pay the same amount
and aif you want a 3 hours work you should get carpenter A
Step-by-step explanation:
carpenter A for 3 hours:
carpenter B for 3 hours:
Answer:
$268.78
Step-by-step explanation:
We will use the compound interest formula to solve this:
<em>P = initial balance</em>
<em>r = interest rate (decimal)</em>
<em>n = number of times compounded annually</em>
<em>t = time</em>
First, change 3% into its decimal form:
3% -> -> 0.03
Now, plug in the values:
After 10 years, you will have $268.78