Answer:
$18,726.11
Step-by-step explanation:
Lets use the compound interest formula provided to solve this:
<em>P = initial balance</em>
<em>r = interest rate (decimal)</em>
<em>n = number of times compounded annually</em>
<em>t = time</em>
<em />
First lets change 9% into a decimal:
9% -> -> 0.09
Since the interest is compounded quarterly, we will use 4 for n. Lets plug in the values now:
<u>The balance after 5 years is $18,726.11</u>
Answer:
Gianna makes $18 per hour.
Step-by-step explanation:
Given Gianna makes 90$ for 5 hours. That means she should make $ = 18$ every hour.
Therefore we have:
a.
HOURS DOLLARS
1 18
2 36
3 54
4 72
5 90
6 108
7 126
b.
For the tabular column mark Hours on the x - axis and Dollars on the Y - axis. It can be plotted from the above table easily.
c.
If Gianna works for 8 hours she would have made 8 X 18 = 144$.
So, she will earn 144$ in 8 hours.
d.
To make 60$ she would have to work hours = 3.33 hours.
