Question

Suppose a lawyer charges a retainer (upfront cost) of $850 and an hourly rate of $215 per billable hour, Explain whether

4.5 billable hours for a total cost of $1,817.50 is a viable solution (1 point)
Yes, because a true statement occurs for this solution
No, because the number of hours is not a whole number
No, because the number of dollars is not a whole number
No, because a false statement occurs for this solution

Answer 1

Answer: Yes, because a true statement occurs for this solution

Explanation:

From the statement, we are informed that a lawyer charges a retainer (upfront cost) of $850 and an hourly rate of $215 per billable hour. This can be formed into an equation as:

= $850 + $215h where h represents number of hours.

Therefore, 4.5 billable hours will give a cost of:

= $850 + $215h

= $850 + $215(4.5)

= $850 + $967.5

= $1817.50

The correct answer is option A.

Yes, because a true statement occurs for this solution