Answer:
- <em><u>The reduction is 8.6%</u></em>
Explanation:
Call F the full monthly pension of a person retiring at 62.
If a person continues to work the pension grows at a rate of 6% per year, compounded monthly, so use the compounded growing formula:
Where r = 6 / 100 = 0.06, and t = number of years after retirement.
<u>For retirement at 65.5</u>:
<u>For retirement at 67</u>:
<u>Percent reduction of people who retire at 65.5 compared to what they would receive at 67</u>:
Answer:
47/30
Step-by-step explanation:
2.35 * 2/3 =
= 2 35/100 * 2/3
= 2 7/20 * 2/3
= 47/20 * 2/3
= 94/60
= 47/30
Answer:
B, A vertical translation of 2 units.
Step-by-step explanation:
Its going up which means its positive NOT negative, vertical is up and down. Please put me branliest if I'm right which I'm very sure I am. Hoped I helped!
Answer:
a. $270
b. $3,278.18
Step-by-step explanation:
Given that
The principal amount is $3,000
Annual rate of interest is 3%
And, the time period is 3 years
We need to find out the simple interest & compound interest
The following formulas should be used
a. For simple interest
= Principal × rate of interest × time period
= $3,000 × 3% × 3 years
= $270
b. For compound interest
= Principal × (1 + rate of interest)^time period
= $3,000 × (1 + 0.03)3
= $3,000 × 1.03^3
= $3,278.18
Answer:
x=-5
Step-by-step explanation:
