Gavin deposited $613 into a savings account seven years ago. The account earns an interest rate of 3.4% compounded monthly. What
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Answer: The actual price of house sold at $109000.
Step-by-step explanation:
Since we have given that
Selling price = $100000
Rate of commission = 7%
So, Amount of commission would be
Total commission = $7540
So, Remaining amount of commission would be
Rate of commission exceeding $100000 = 6%
Let the selling price of house be 'x'.
According to question,
Hence, the actual price of house sold at
$100000+$9000=$109000.