Question 4 of 8 Kevin receives a semi-monthly salary of $2,800 and has 37.5-hour workweeks. If he worked 11 hours overtime during his last pay period and his overtime factor is 1- (time-and-a-half), calculate his gross pay for the last pay period. $0.00 Round to the nearest cent 1/2

Q: A person donated OMR 6420 to a college with the provision that a scholarship is paid at the end of…

A: When the interest is compounded, then the formula used is A=P1+rnnt , where, A is the final amount,…

Q: 1. How much interest is earned when an amount of 100,000Php is invested with annual interest rate of…

A: Let P amount is invested for t years with simple interest r%. Then total interest earned in t years=…

Q: Suppose a man borrowed $300 from a friend and agreed to pay him 20% annual simple interest when he…

A: so given a man borrowed $300 from a friend and agreed to pay him 20% annual simple interest when he…

Q: If a man received P12900 from his 4-year investment, how much was invested at 3% compounded…

A: We know formula for compound interest asA=P1+rnnT

Q: Engr. Armando lends P5,000 at 6% simple interest for 4 years. At the end of this time, he invests…

A: The following solution is given below :

Q: A man starts his job with a certain monthly salary and earns a fixed increment every year. If his…

A: let  x be the starting  salary and y be the fixed increament

Q: Jesaki Bank offers a 10-year CD that earns 2.3% compounded continuously.

A: The answer is in the explanation.Explanation:A=P⋅e^(r⋅t)Where:A is the amount of money accumulated…

Q: Suppose $100 is withdrawn at the EOY 2026, emptying an account that earns 7% interest, compound…

A:

Q: If the balance of an account (which earns interest monthly) is $65,238.17 at the beginning of the…

A: Given amount at the biginning of the current compound period is $64,238.17 Interest earned in…

Q: If $8,000 is invested at 3% compounded quarterly, what is the amount after 5 years? The amount after…

A: Given that, P = $8000 r = 0.03 n= 4 t = 5 years The formula for calculating the compound interest…

Q: A man starts his job with a certain m onthly salary and eams a fixed increment every year. If his…

A: Here every year same increment. So in 6year salary increase by 300rs  So in 1year salary increase…

Q: calculate what $700 would grow to at 61/2% per compouned daily for 7 years

A: Given Principal amount=$700

Q: QUESTION 3. $4500 is deposited for 4.5 years in an account that pays 4.5% interest compounded…

A:

Q: At what rate of interest compounded semi-annually for 8 years will Rs. 3,150 amount to Rs. 4,720?

A: The formula for amount is: Where, P is the principal value. r is the rate of interest in decimals.…

Q: Determine the accumulated value after 14 years of deposits of $230.00 made at the beginning of every…

A: Given:There is 14 years of deposits of $230.00 made at the beginning of every year and earning…

Q: . Find the length of time required for $2500 to increase to $3250, if the money was invested at 8%/a…

A:

Q: Find the future value of an annuity due of $2000 paid at the beginning of each 6-month period for 8…

A: The future value of the annuity is calculated using the formula: S=P1+in-1i1+i. Here, P is deposited…

Q: A clothing retail outlet purchased clothes in bulk from a wholesaler for $51,770. This was after a…

A:

Q: What is the interest rate being charged to Mr. Ramirez who applies a loan amounting to Php 170,476…

A:

Q: 5 How many years will it take to be able to accumulate P20,000 to P32,427.25 at 1.75% simple…

A:

Q: Jean buys a $64,000 caravan by paying a deposit of $14,000. For the balance, she takes a loan and…

A: The cost of the caravan is $64000 Amount of deposit paid = $14000 Balance after the deposit is paid…

Q: How much should a business save at the end of every quater if they need $100,000 in 5 years to pay…

A: