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bearhunter [10]
3 years ago
15

$20,600 at 8% for 2 years

Mathematics
1 answer:
kiruha [24]3 years ago
8 0

Answer:

Assuming Annually compounding

Total = Principal * (1 + rate)^years

Total = 20,600 * (1.08)^2

Total = 24,027.84

Source: https://www.1728.org/compint.htm

Step-by-step explanation:

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To find the commission, multiply the rate by the sales:

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<em>Additional comment</em>

Many calculators and all spreadsheets can work with percentages directly. If yours can't, or if you can't do this arithmetic mentally, you can use the equivalent decimal or fraction for 5%.

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