$480 a month. At 9 dollars an hour I would make $48 dollars a day pre tax, roughly $6 bucks an hour. at $15 I would make 96 a day pre tax. which is roughly $12 per hour. Any help on what rate I should mention would help...
If you get twice interest during a year , then it is per annum compounding interest. In per annum interest rate you will get specific rate of interest in a year for your investment. You have fixed deposit of $10,000 and you will get 15%interest per annum for 10 years. This how per annum interst works.
Since interest is being paid monthly, each month, we will earn 3%/12 = 0.25% per month. So in the first month, P 0 = $1000 r = 0.0025 (0.25%) I = $1000(0.0025) = $2.50 A = $1000 + $2.50 = $1002.50 So in the first month, we will earn $2.50 in interest, raising our account balance to $1002.50.