betru12315
27.09.2019 •
Mathematics
Bo's gross annual income is $45,408. he is paid semimonthly and has 6% deducted from his paychecks for his 403(b). his employer matches his deduction, up to 3%. how much was deposited into bo's 403(b) each payday?
113.52
157.18
170.28
227.04
Solved
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Ответ:
170.28
Step-by-step explanation:
Got it right on the test.
Ответ:
t = 14.9 years
Solution:
Given data:
I = $688.38, P = $550, r = 8.4%, t = ____ years
Simple interest formula:
Switch the sides.
Multiply by 100 on both sides.
Divide by 4620 on both sides.
t = 14.9
Hence t = 14.9 years.