Mathematics
30.03.2022 04:40
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Jennifer was awarded damages of $150,000 in a successful lawsuit she brought against
Jennifer was awarded damages of $150,000 in a successful lawsuit she brought against her employer 4 years ago. simple interest on the judgment accrues at the rate of 15%/year from the date of filing. if the case were settled today, how much would jennifer receive in the final judgment?
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annsmith66
4,5(3 marks)
The annual interest is $150,000 x 0.15 = $22,500. The accrued interest after 4 years is $90,000. Therefore in the final judgement Jennifer would be awarded:
150,000 + 90,000=240,000.
The answer is $240,000.
150,000 + 90,000=240,000.
The answer is $240,000.
brodtfamily4
4,4(4 marks)
Another expression that is equivalent is 3/4x+1/2
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