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Given:
Alan salary P (in dollars) when he works h hours is represented by the equation
To find:
The earning per hour.
Solution:
We have,
Here, P is total salary and h is number of hours he works.
Therefore, the earning per hour is $12.50.
Answer:
After 9 years the account will be worth 13709.60$
Step-by-step explanation:
We are given the following in the question:
We are given the following in the question:
P = $8000
r = 6% = 0.046
n = 12
The compound interest is given by:
where A is the amount, p is the principal, r is the interest rate, t is the time in years.
Putting the values, we get,
Thus, after 9 years the account will be worth 13709.60$