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05 Sep 2019, 04:54
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Difficulty:
95%
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Question Stats:
25% (02:31) correct
75%
(02:16)
wrong
based on 48
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Travis is working as a programmer of IBW. Travis earns $3,500 annually. If Travis pays 2.5% of that amount quarterly to support groups and he paid $525 so far, for how many years now has Travis been paying?
A. 2.
B. 2.5.
C. 4.
D. 5.5.
E. 6.
A. 2.
B. 2.5.
C. 4.
D. 5.5.
E. 6.
Updated on: 05 Sep 2019, 23:42
Originally posted by Archit3110 on 05 Sep 2019, 07:40.
Last edited by Archit3110 on 05 Sep 2019, 23:42, edited 1 time in total.
Last edited by Archit3110 on 05 Sep 2019, 23:42, edited 1 time in total.
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Bunuel
Travis is working as a programmer of IBW. Travis earns $3,500 annually. If Travis pays 2.5% of that amount quarterly to support groups and he paid $525 so far, for how many years now has Travis been paying?
A. 2.
B. 2.5.
C. 4.
D. 5.5.
E. 6.
A. 2.
B. 2.5.
C. 4.
D. 5.5.
E. 6.
3500 annually 3500 * 2.5/100 * 1/4 = 87.5
525/87.5= 6
Total duration 6*3=18months
I.e 2.5 years
IMO B
05 Sep 2019, 19:48
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Could you please explain the logic. $87.5 per quarter x 6 quarters = $525.
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Posted from my mobile device
