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3 years ago

15

Jackie earns 8% commission selling houses. She just sold a house for $165,000. How much is her commission?

2 answers:

Tems11 [23]3 years ago

6 0

165000 times 8 is 1320000 divided by 100 is 13200

Mrrafil [7]3 years ago

5 0

13,200
because you would take 165,000 and mulitply it by .08 (because it is a percent just move the decimal 2 places to the left to get it in decimal form) which would then give you 13,200

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Read 2 more answers

Use the compound interest formula A =P(1 + r) t and the given information to solve for r.

Dmitry [639]

Answer:

Rounding to nearest hundredths gives us r=0.06.

So r is about 6%.

Step-by-step explanation:

So we are given:

$A=P(1+r)^t$

where

$A=2300$

$P=1600$

$t=6$ .

$A=P(1+r)^t$

$2300=1600(1+r)^6$

Divide both sides by 1600:

$\frac{2300}{1600}=(1+r)^6$

Simplify:

$\frac{23}{16}=(1+r)^6$

Take the 6th root of both sides:

$\sqrt[6]{\frac{23}{16}}=1+r$

Subtract 1 on both sides:

$\sqrt[6]{\frac{23}{16}}-1=r$

So the exact solution is $r=\sqrt[6]{\frac{23}{16}}-1$

Most likely we are asked to round to a certain place value.

I'm going to put my value for r into my calculator.

r=0.062350864

Rounding to nearest hundredths gives us r=0.06.

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3 years ago