salesperson receives 16.7% commission. If her total sales for the month are $4900, what is her commission?
1 answer:
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Answer:
Step-by-step explanation:
Out of the given options, is the only fraction that is improper. All other options are not improper. Therefore,
would not belong is the given group of fractions.
Hope this helps.
Answer:
$3027.80
Explanation:
The compound interest formula is the following.
where
A = final amount
P = principle amount
r = interest rate / 100
n = number of compounds per interval
t = time interval
Now in our case,
A = unknown
P = $1900
r = 10.4/100
n = 12 months / year ( because the interest is compounded monthly)
t = 4.5 yrs
Therefore, the compound interest formula gives
Using a calculator, we evaluate the above to get
which is our answer!