Calculate the pay for the following day of a weekly time card given a wage of $14/hr
1 answer:
Answer: $122.50
Step-by-step explanation:
We know the difference between the time the employee clocked in and clocked out = 1200 - 0800 = 4 hours
The next clock in and out = 17:30 - 12:45 = 4 hours, 45 minutes.
These times combined = 8 hours, 45 minutes
minutes in an hour =
of an hour.
The total time worked was 8 hours.
Multiply 8.75 × $14 = $122.50
I am not a professional, simply using prior knowledge.
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After 6 years the investment is $5555.88
Step-by-step explanation:
A principal of $3600 is invested at 7.5% interest, compounded annually. How much will the investment be worth after 6 years?
The formula used to find future value is:
where A(t) = Accumulated amount
P = Principal Amount
r = annual rate
t= time
n= compounding periods per year
We are given:
P = $3600
r = 7.5 %
t = 6
n = 1
Putting values in formula:
So, After 6 years the investment is $5555.88
Keywords: Compound Interest formula
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