Urgent questions
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1. This is the last pay day before Henry and Harriet go on holiday. They both receive cheques for $3000 including the 17 1/2 % holiday bonus. Henry's holiday is for 3 weeks while Harriet's is for 4 weeks. Find how much more Henry earns than Hariet in a normal working week.
Answer: Henry earns $212.77 more per week.
2. An investment of $10000 at 4% p.a. simple interest builds up to $11000. How long (in months) does it take?
Answer: 30 months
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1. This is the last pay day before Henry and Harriet go on holiday. They both receive cheques for $3000 including the 17 1/2 % holiday bonus. Henry's holiday is for 3 weeks while Harriet's is for 4 weeks. Find how much more Henry earns than Hariet in a normal working week.
Answer: Henry earns $212.77 more per week.
2. An investment of $10000 at 4% p.a. simple interest builds up to $11000. How long (in months) does it take?
Answer: 30 months
