Hours worked / pay 2/$15.00 4/$30.00 6/$45.00 8/$60.00 A/p=7.50h B/ p=15h C/ p=h+15 D/h=7.50p
2 answers:
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Answer:
$14,644.63
Step-by-step explanation:
To solve this problem we can use the compound interest formula which is shown below:
<em>P = initial balance </em>
<em>r = interest rate </em>
<em>n = number of times compounded annually </em>
<em>t = time </em>
<em />
First change 12% into a decimal:
12% -> -> 0.12
Lets plug in the values:
Tammy will own $14,644.63 after 8 years,