A Machinist Can Make 24 Screws in One Minute

question 9

Short Answer

A machinist can make 24 screws in one minute. How many screws can he make in 2 hour and 12 minutes and 45 seconds?

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Definitions:

Compounded Annually

The calculation and addition of interest to the principal once a year.

Nominal Rate

The interest rate before adjustment for inflation, not reflecting the real cost of borrowing or the real return on an investment.

Compounded Monthly

The routine of accruing interest monthly, which incorporates calculating interest on the initial principal as well as on the interest that has previously been accrued.

Salary Increase

An increment in the amount of money earned by an employee on a regular basis, often annually or based on a performance review.