Answer:
or
Step-by-step explanation:
First write an equation : note key words like "per", "each" and "total".
7 per hour
5 each
6 hours
n= number of people
E= total earnings
total earnings
So:
$7 per hour plus $5 tips per person equals total earnings
Answer:
$138,345
Step-by-step explanation:
This is a compound decline problem, which will be solve by the compound formula:
Where
F is the future value (value of house at 2030, 14 years from 2016)
P is the present value ($245,000)
r is the rate of decline, in decimal (r = 4% = 4/100 = 0.04)
t is the time in years (2016 to 2030 is 14 years, so t = 14)
We substitute the known values and find F:
Rounding it up, it will be worth around $138,345 at 2030