1. Other
  2. Other
  3. a student got a 5000 grant per quarter and the...

Question: a student got a 5000 grant per quarter and the...

Question details

A student got a $5000 grant per quarter and the opportunity to work on campus at a rate of $12 per hour, but no more than 15 hours per week. The quarter last 10 weeks. The student aid office charges 5% of handling fees and the state has an 8% income tax. If E is earnings at the end of the quarter, H is hours of work per week, the model that calculates the income of the student at the end of the quarter is E 5000 (10.05)+10 12 H* (1-0.08) E 5000 (10.05)+10 12 H* (1-0.08) H 15 (this reads: H less or equal to 15 C E-5000 * (1-0.95) + 12 * H * (1 . 0.08) H 15 [this reads: H less or equal to 15] E-5000 (1-0.05) 12 H1-0.08)

Solution by an expert tutor
Blurred Solution
This question has been solved
Subscribe to see this solution