The salary of the real estate broker = $18,000
Commission earned on total sales = 4% or 0.04
Total income earnings = $55,000
Let the total sales be = x
Equation becomes :
Hence, the real estate broker must sell $925,000 worth of real estate to earn $55,000.
4.6 Is the answer I thinkkkkk
5 is the answer
hope i helped
Answer:
$607.75
Step-by-step explanation:
As a first approximation, compound interest will be slightly higher than simple interest for a relatively short time period. Here simple interest at 5% for 4 years will add 4×5% = 20% to the value, adding about $100 to the initial $500 value. That is, we expect the value in 4 years to be slightly more than $600.
The appropriate answer choice is $607.75.
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The actual amount can be calculated using the multiplier 1.05 for each of the 4 years, or 1.05^4 ≈ 1.21550625 for the entire period. Then the predicted item value is ...
$500 × 1.21550625 = $607.753125 ≈ $607.75