Answer:
The correct answer is $8532.17
Step-by-step explanation:
The formula for calculating investments with compound interests is as follows:
Where:
R is the annual interest rate,
t is the number of times the investment is to be compounded in a year,
n is the number of years,
P is the principal amount invested.
Replacing in the formula with the given values you have:
Answer:
The question seems not to be complete, below is a possible complete question:
Kristin earns $6.50 for every hour she babysits for the Overstreet family. Part A: Last Friday, Kristin babysat for 4.5 hours. How much money did she make during that job? $__________ Part B: Mrs. Overstreet has told Kristin that she will pay her $45.50 for tomorrow's babysitting job. How many hours will Kristin babysit then? __________ hours
Answers:
Part A: She makes $29.25
Part B: She babysat for 7 hours
Step-by-step explanation:
Part A:
amount earned per hour = $6.50
Number of hours worked = 4.5 hours
1 hour = $6.50
∴ 4.5 hours = 6.50 × 4.5 = $29.25
part B:
total amount to be earned = $45.50
earning rate = $6.50 per hour