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yKpoI14uk [10]
3 years ago
14

A salesperson at a furniture store earns a 3% commission on all sales. How much commission does the salesperson earn on a $1400

sale?
Mathematics
2 answers:
Llana [10]3 years ago
6 0

Answer:

The answer is $42

Step-by-step explanation:

Nostrana [21]3 years ago
5 0
To find the answer, you first...

Change the 3% into decimal which is 0.03

Then multiply 1400 by 0.03 which you get $42

The commission is $42 and...
The total amount of salary that the salesperson will earn is $1442
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Two fractions equivalent to 2/6 are...

1/3 and 4/12


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2 years ago
1. Michael invests $2000 in an annuity that offers an interest rate of 4% compounded quarterly for 5 years. What is the value of
Amanda [17]
1. The formula for annual compound interest, including principal sum, is:

A = P (1 + r/n)ⁿˣ

Where:

A = the future value = ?
P = the principal investment amount = $2000
r = interest rate = 4%
n = the number of times that interest is compounded per year = 4
x = the number of years = 5

Calculations:

A = 2000 (1 + 0.04/4)²⁰

A = 2000 (1 + 0.01)²⁰

A = 2000 (1.01)²⁰

A = 2000 ₓ 1.22

A = $2440.38 


2. The formula for annual compound interest, including principal sum, is:

A = P (1 + r/n)ⁿˣ

Where:

A = the future value = ?
P = the principal investment amount = $50
r = interest rate = 48%
n = the number of times that interest is compounded per year = 12
x = the number of years = 2

Calculations:

A = 50 (1 + 0.48/12)²⁴

A = 50 (1 + 0.04)²⁴

A = 50 (1.04)²⁴

A = 50 ₓ 2.56

A = $128.16


3. The formula for annual compound interest, including principal sum, is:

A = P (1 + r/n)ⁿˣ

Where:

A = the future value = ?
P = the principal investment amount = $50
r = interest rate = 4%
n = the number of times that interest is compounded per year = 12
x = the number of years = 3

Calculations:

A = 50 (1 + 0.04/12)³⁶

A = 50 (1 + 0.003)³⁶

A = 50 (1.003)³⁶

A = 50 ₓ 1.12

A = $56.36

8 0
3 years ago
Read 2 more answers
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