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2 years ago

A realtor sells 3 houses this month for a total of $825,000, and each buyer uses her company to process their loan.

Mathematics

2 answers:

Alex Ar [27]2 years ago

7 0

Answer:

15,011

Step-by-step explanation:

Because 1.5 percent of 825,000 is 12375. She gets 2,600, so add that, and 12 times 3 for 3 houses is 36.

Add 12,375+2,600+36, you get 15,011!

andrew11 [14]2 years ago

6 0

Answer:

$2,651

Step-by-step explanation:

The first step is to find what 1.5% of $2,600 is.

Secondly, divide 2600 / 100 = 26

Finally, multiply 26 by 1.5 = 39.

Add 39 and 12 to 2600 = $2,651.00 total earnings for the month.

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bearhunter [10]

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manuel deposits $10000 for 12 yr in an account paying 4% compounded annually.He then puts this total amount on deposit in anothe

Naddik [55]

$\bf ~~~~~~ \textit{Compound Interest Earned Amount}
\\\\
A=P\left(1+\frac{r}{n}\right)^{nt}
\quad 
\begin{cases}
A=\textit{accumulated amount}\\
P=\textit{original amount deposited}\to &\$10000\\
r=rate\to 4\%\to \frac{4}{100}\to &0.04\\
n=
\begin{array}{llll}
\textit{times it compounds per year}\\
\textit{annually, thus once}
\end{array}\to &1\\
t=years\to &12
\end{cases}
\\\\\\
A=10000\left(1+\frac{0.04}{1}\right)^{1\cdot 12}\implies A=1000(1.04)^{12}\\\\\\ A\approx 16010.32$

he then turns around and grabs that money and sticks it for another 9 years,

$\bf ~~~~~~ \textit{Compound Interest Earned Amount}
\\\\
A=P\left(1+\frac{r}{n}\right)^{nt}
~~
\begin{cases}
A=\textit{accumulated amount}\\
P=\textit{original amount deposited}\to &\$16010.32\\
r=rate\to 5\%\to \frac{5}{100}\to &0.05\\
n=
\begin{array}{llll}
\textit{times it compounds per year}\\
\textit{semi-annually, thus twice}
\end{array}\to &2\\
t=years\to &9
\end{cases}
\\\\\\
A=16010.32\left(1+\frac{0.05}{2}\right)^{2\cdot 9}\implies A=16010.32(1.025)^{18}
\\\\\\
A\approx 24970.64$

add both amounts, and that's how much is for the whole 21 years.

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