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Answer:
17 centemeters
Step-by-step explanation:
<h3>Answer: 787.25 dollars</h3>
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Work Shown:
A = final amount after t years = 1000
P = initial deposit = unknown
r = interest rate in decimal form = 0.08
n = compounding frequency = 12
t = number of years = 3
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A = P*(1+r/n)^(n*t) is the compound interest formula
1000 = P*(1+0.08/12)^(12*3)
1000 = P*1.27023705162066
1.27023705162066P = 1000
P = 1000/1.27023705162066
P = 787.254629932364
P = 787.25 rounding to the nearest penny
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note: this assumes that the interest rate stays at 8% the entire three year period; also, you cannot withdraw any money from the account during this time period.
Answer:
138 hard working elfs
Step-by-step explanation:
the 46% of 300 is 138
Let's re-read the statement and question, and then break it down.
He charges a flat fee of $38, plus $22 per hour.
A flat fee of $38 is only a one-time pay, and will never be paid for again.
This means if after two hours, we only add $38 once overall, never more.
Every hour that goes by, he earns $22 each hour.
Now that we've broken this down, we can make an equation.
Let's do 1 hour.
1(22) + 38 = 22 + 38, = 60.
For 1 hour he earns $60.
Let's do 2 hours.
2(22) + 38 = 44 + 38, = 82.
For 2 hours he earns $82.
Let's do 3 hours.
3(22) + 38 = 66 + 38, = 104.
For 3 hours he earns $104.
Let's do 4 hours.
4(22) + 38 = 88 + 38, = 126.
For 4 hours he earns $126.
This is a pattern.
Now let's do 8 hours, which is the main question, "How much does he make in 8 hours?".
8(22) + 38 = 176 + 38, = 214.
For 8 hours he earns $214.
I hope this helps!