The formula to calculate the Monthly Drill Pay (Pm) is:
\[ P_m = \frac{B}{30} \times D \]
Where:
Monthly drill pay is the compensation that military reservists receive for attending drill periods, which are typically training sessions or meetings that occur on a monthly basis. The amount of drill pay is calculated based on the reservist’s base pay and the number of drill periods they attend. Drill periods are usually counted in half-day increments, and the total monthly drill pay is determined by multiplying the daily pay rate by the number of drill periods attended.
Let's assume the following values:
Using the formula to calculate the Monthly Drill Pay:
\[ P_m = \frac{3000}{30} \times 8 = 100 \times 8 = 800 \text{ dollars} \]
The Monthly Drill Pay is $800.
