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Alex17521 [72]
3 years ago
15

Eddie's overtime is figured on a 40-

Mathematics
2 answers:
kykrilka [37]3 years ago
6 0

Answer:

597.6 Dollars

Step-by-step explanation:

Rama09 [41]3 years ago
6 0

Answer:

  • $655.92

Step-by-step explanation:

<u>Total number of hours worked:</u>

  • 9.7 + 8.3 + 8 + 9.1 + 8.6 = 43.7

<u>Overtime hours:</u>

  • 43.7 - 40 = 3.7

<u>Gross payment:</u>

  • 40*14.4 + 3.7*14.4*1.5 = 655.92
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Adam wishes to have ​$20 comma 000 available in 18 years to purchase a new car for his son as a gift for his high school graduat
wel

Adam should invest $15516 after 18 years.

<u>Explanation:</u>

Given:

Amount(18) = $20000

Rate of Interest, r = 1.41%

Time, t = 18 years

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General equation of amount that is compounded daily:

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Solving for A₀:

A_0 = \frac{A(t)}{(1+\frac{r}{n} )^n^t}

Substituting the values:

A_0 = \frac{20000}{(1 + \frac{0.0141}{365})^3^6^5^X^1^8 } \\\\A_0 = \frac{20000}{1.289}\\ \\A_0 = 15516

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8 0
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