When Louisa has a wage rate of $40 per hour, and works for 50 hours, then her weekly payment will be $2,000.
The computation of the total wage rate and the weekly payment to be received by Louisa can be done using the provided information, and putting the values from the same into the generalized formula. The calculation with respect to the weekly payment has been shown below.
Weekly Payment = Wage Rate x Number of Hours
Weekly Payment = 40 × 50
Weekly Payment = $2,000
Therefore, the weekly payment will be $2,000.
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Complete Question
Louisa works for a hedge fund company. Her wage rate is $40 per hour. She can work up to 50 hours each week. Calculate her weekly earning.