Michael wrote a novel that sells for $20 dollars each. He received a bonus of $50,000 to sign the contract to write the book, an
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Given:
Jamie receives 15% commission on magazine subscriptions.
One week her sales totaled $860.
To find:
Her commission.
Solution:
We have,
Total sales of one week = $860
Rate of commission = 15%
Now,
Therefore, the amount of commission is $129.
Answer:
Option B.
Step-by-step explanation:
we know that
The simple interest formula is equal to
where
A is the Final Investment Value
P is the Principal amount of money to be invested
r is the rate of interest
t is Number of Time Periods
in this problem we have
substitute in the formula above