You may establish your own criteria for distributing the raises, but you are given the years of experience and the rating on annual performance reviews for each member. A performance rating of 1 is the lowest rating possible and a rating of 5 is the highest. Decide the amount of increase for each member. 1. Prepare your recommendations for your supervisor that includes the following: 2. The interest formula shows how , , and are related. It gives you a way of finding one of these values if the other three values are known. Even though you try to be careful in your calculations, there will always be that occasion when you make an error and end up with an incorrect answer. You can avoid such errors by first predicting what a reasonable answer might be by estimating. As an example, if you have an 11.2% interest, you could use 11% to estimate what the correct result would be. Search the internet to find an application of simple interest that you find interesting, that you encounter on a daily basis or that you find in your profession. Include the URL for the site you used.
