Kara earned $136.75 last week working 16 hours. She earned $10.50 per hour at the fast food restaurant and $4.25 per hour helping her aunt clean her store.
How many hours did she work at the fastest food restaurant? How many hours did she help her aunt clean the store? In your response make sure to:
Create a model that can be used to determine the number of hours Kara worked at each job.
Define your variables.
Show all your work.

Answers

Answer 1

Answer:

First we are going to try to find how many hours she worked on the fast food restaurant so you multiply 4.25 time 16 and x

10.50x + 4.25(16-x) =136.75

10.50x + 68 - 4.25x= 136.75

Then, you subtract 68 from both sides and subtract 4.25x from 10.50x

6.25x=68.75

Divide

X=11 that is how many hours she worked at the FAST FOOD RESTAURANT

Then 16-11 and that gives us how many hours she helped her aunt.

ANSWER: she worked 11 hours at the fast food restaurant and 5 hours helping her aunt

Step-by-step explanation:

Answer 2

Here, we are required to determine how many hours Kara worked at the fastest food restaurant and how many hours did she help her aunt clean the store.

The number of hours worked by Kara in the restaurant is; 11hours.

The number of hours worked by Kara in the restaurant is; 11hours.The number of hours worked by Kara in her aunt's store is; 5hours.

First, we need to create a model for the work done and how much she earned.

Total earnings = $136.75

Total hours worked = 16 hours

Let hours worked at the restaurant = x

Let hours worked at the store = (16-x)

Hourly rate at restaurant = $10.50

Hourly rate at store = $4.25

The model is therefore in the form;

$10.50(x) + $4.25(16-x) = $136.75

To determine the no. of hours worked at the fast food restaurant, we have to evaluate the value of x.

Therefore;

10.50x + 68 - 4.25x = 136.75

6.25x = 68.75

x = 11

The number of hours worked by Kara in the restaurant is; 11hours.

The number of hours worked by Kara in her aunt's store is; (16 - 11) hours = 5hours.

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Step-by-step explanation:

Amy invested $500 per month in a 401k that earned 6% annual return for 40 years. Hank invested $1,000 per month in a 401k that also earned 6% annual return, but for 20 years. Which of the following would be true?

Answers

Answer:

The correct option is a. Amy’s balance would be greater than Hank’s in the end.

Step-by-step explanation:

Note: This question is not complete. The complete question is therefore provided before answering the question as follows:

Amy invested $500 per month in a 401k that earned 6% annual return for 40 years. Hank invested $1,000 per month in a 401k that also earned 6% annual return, but for 20 years. Which of the following would be true?

a. Amy’s balance would be greater than Hank’s in the end.

b. Amy’s balance is $5,142 and Hank’s balance is $3,207.

c. Hank’s balance would be greater than Amy’s in the end.

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The explanation to the answer is now given as follows:

The balance in the end for each can be determined using the formula for calculating the Future Value (FV) of an Ordinary Annuity as follows:

FV = M * (((1 + r)^n - 1) / r) ................................. (1)

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FV = Future value or balance in the end = ?

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FV = $500 * (((1 + 0.005)^480 - 1) / 0.005)

FV = $500 * 1,991.49

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For Hank:

FV = Future value or balance in the end = ?

M = Monthly investment = $1,000

r = Monthly interest rate = 6% / 12 = 0.06 / 12 = 0.005

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Substituting the values into equation (1), we have:

FV = $1,000 * (((1 + 0.005)^240 - 1) / 0.005)

FV = $1,000 * 462.04

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Conclusion

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Answers

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Answers

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