Answer:
ok good job
Step-by-step explanation:
Answer: 31,948.80
Step-by-step explanation: I thin it his is correct. I multiplied the original amount by .04 then subtracted that from the original number.
The calculations for 2, 4, 8 year can be derived as follows,
For simple interest:
S.I =
P= principle
T= Time
R= Rate
For 2 year;
S.I = = $224
Amount = $2224
For 4 year;
S.I = = $448
Amount = $2448
For 8 year;
S.I = = $896
Amount = $2896
Find his rate:
120 / 15 = $8 per hour
Multiply the rate by hours:
$8 x 20 hours = $160
He will earn $160