Answer:
$15
Step-by-step explanation:
unit rate means how much he earns in 1 hour
so if he earns $60 in 4 hours
then you have to divide 60 by four
which gives you $15
that means he earn $15 in one hour
That's impossible to say. The radius of a square is meaningless.
Answer:
............................
Step-by-step explanation:
$394.51 is future value of money after 2 years.
What future value means?
- A current asset's future value (FV), which is based on an estimated rate of growth, is its value at a later time.
- Investors and financial planners use the future value to project how much an investment made now will be worth in the future.
The method that results in more money after 2 years is Peggy's investment.
Which method results in more money in 2 years?
The formula for calculating the future value of an investment:
FV = P (1 + r)^nm
FV = Future value
P = Present value
R = interest rate
m = number of compounding
N = number of years
Future value of Larry's investment: $350 x [1 + (0.04/4)]^(4 x 2) = $379
Future value of Peggy's investment: $350 x [1 + (0.06/12)]^(12 x 2) = $394.51
Learn more about future value
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