Answer:
Lixins monthly sales = $18,000
Step-by-step explanation:
Let x be the total sales.
Given:
Basic salary = $500
Commission on sales = 4% = 0.04
Monthly income = $1220
We need to find her sales for the month.
Solution:
First we write the equation for given situation:
Therefore, Lixins monthly sales are $18,000.
Answer:
Step-by-step explanation:
We would apply the formula for determining compound interest which is expressed as
A = P(1 + r/n)^nt
Where
A = total amount in the account at the end of t years
r represents the interest rate.
n represents the periodic interval at which it was compounded.
P represents the principal or initial amount deposited
From the information given,
P = $300
r = 10% = 10/100 = 0.1
n = 2 because it was compounded 2 times in a year(6 months).
t = 3 years
Therefore,
A = 300(1 + 0.1/2)^2 × 3
A = 300(1 + 0.05)^6
A = 300(1.05)^6
A = $402.03
because the denominator is on the bottom, you have to find a number which both 12 and 9 can be divided by. In this case the only answer that isn't a decimal is 3
