Answer:
$121.51
Step-by-step explanation:
At 18.7%, the monthly multiplier is 1+.187/12, so for the year, James' balance is multiplied by (1+.187/12)^12 ≈ 1.2038899
At 12.5%, the monthly multiplier is 1+.125/12, so for the year, James' balance is multiplied by (1+.125/12)^12 ≈ 1.1324161
The difference in these multipliers is ...
1.2038899 -1.13241605 = 0.0714739
so James' savings is ...
$1700 × 0.0714739 ≈ $121.51
Alright, lets get started.
Suppose first mechanic charges= x
So, second mechanic charges will be = (because total of their rates was 125)
first mechanic worked for 5 hours, and the second mechanic worked for 15 hours and together they charged a total of $1225
Means
Adding 10 x in both sides
Subtracting 1225 from both sides
Dividing 10 in both sides
x = 65
For second mecahnics rate = 125 - 65 = 60
Hence The mechanic who worked 5 hours charged $ 65 per hour, the one who worked 15 hours charged $ 60 per hour: Answer
Hope it will help :)
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