WHAT DOES THIS MEAN? I’m confused
The amount Howie need to pay back at the end of one year, including the interest is $26,000
Given:
Interest rate = 4%
Cost of car = $25,000
Time = 1 year
<em>Amount of interest</em> = Principal × Rate × Time
= 25,000 × 4% × 1
= 25,000 × 0.04 × 1
= $1,000
<em>Amount to be paid </em>= Amount of interest + Cost of car
= 1,000 + 25,000
= $26,000
Therefore, the amount Howie need to pay back at the end of one year, including the interest is $26,000
Learn more about interest rate:
brainly.com/question/1115815
Answer:
The plumber worked 50 hours, and his assistant worked 25 hours.
Step-by-step explanation:
Since a plumber and his assistant work together to replace the pipes in an old house, and the plumber charges $ 30 an hour for his own labor and $ 20 an hour for his assistant's labor, and the plumber works twice as long as his assistant on this job, and the labor charge on the final bill is $ 2000, to determine how long did the plumber and his assistant work on this job the following calculation must be performed:
40 x 30 + 20 x 20 = 1200 + 400 = 1600
50 x 30 + 25 x 20 = 1500 + 500 = 2000
Therefore, the plumber worked 50 hours, and his assistant worked 25 hours.
Answer:
24
Step-by-step explanation:
6+6 =12
12+6 = 18
18+6 = 24