Per annum means annual salary. There are typically 52 weeks in a year.
40000/52
ROUGHLY 769 per week
90000 divided by (356 multiplied by 24hrs)=10.53 per hr
Assumptions: 1. 40-hour work week 2. 50 weeks per year Hourly rate: 110,000 / (40 * 50) = 110,000 / 2000 = $55 / hr... before taxes.
18% per annum
An interest rate as a percentage is the one flat rate you must pay. Interest rate per annum is a compound interest, determined every year that the loan (or whatever) has not been paid back. Say, if you owed me $100 with a 1% per annum interest rate. You have to pay me back $101. If you have not repaid the loan, the next year you would have to pay me an extra 1% of $101, and so on.
The nominal rate of return adjusted for more frequent calculations (compounding) than once per annum.
Assuming you work a 40 hour week - 9.615 per hour.
90000 divided by (356 multiplied by 24hrs)=10.53 per hr
Yearly salary divided by 2080 equals hourly pay. $40,000 per year is equivalent to a person earning $19.23 per hour (if he/she works 40 hours per week 52 weeks per year).
Assumptions: 1. 40-hour work week 2. 50 weeks per year Hourly rate: 110,000 / (40 * 50) = 110,000 / 2000 = $55 / hr... before taxes.
Assuming a 52 week year: $30,000/52 weeks in a year = $576.92/ week Assuming a 40 hour work week: $576.92/40 hours = $14.42/ hour
We still need to know how often the interest is compounded ... Weekly ? Daily ? Hourly ? What does "continuous" mean ?
% rate:= (2000/40000) x 100%= 0.05 x 100%= 5%
% rate:= (40000/240000) x 100%= 0.1667 x 100%= 16.67%
Assuming you work 40 hours a week and have 2 weeks unpaid vacation. 50 weeks x 40 hours = 2000 hours $45000 / 2000 hours = $22.50 per hour. Not bad!
8.6% per annum
18% per annum
percentage = 3.26%% rate:= 13040/40000 * 100%= 0.0326 * 100%= 3.26%