You have been hired to work at Canada’s Wonderland at an hourlyrate of $17.25/hour.
This is your summer job that asks you to work 6 hours a day, 5 daysa week. Calculate your gross weekly pay. (2 marks)

2. If you work for 16 weeks in the summer, what will be yourtotal gross pay? (1mark)

3. You continue to work your summer job each year at Canada’sWonderland for the next 5 years. At the end of each summer you take what you’ve earned anddeposit this money into a growth fund that compounds annually at 6%.
a) How much money will you have in your account after 5 years?

b) How much interest was earned after 5 years? (1 mark)

c) At the end of 5 years you decide to let the money sit in theaccout for the next 30 years. How much money will be in your investment at the end of that timeperiod? (3 marks)

Answer rating: 100% (QA)

Hourly rate for work 1725hour 11 Gross weekly pay No of working days X No of working per day x 1725 ... View the full answer