5% commission rate of 14.98
1 answer:
You might be interested in
Answer:
a.) $29,750.00 simple interest
b.) $75,266.35 Compounded annually
c.) $79,358.65 compunded quarterly
d.) $80,332.11 compounded monthly
Step-by-step explanation:
a.) Formula: I = p x r x t
Where:
P is the principal amount, $17000.00.
r is the interest rate, 7% per year, or in decimal form, 7/100=0.07.
t is the time involved, 25....year(s) time periods.
So, t is 25....year time periods.
To find the simple interest, we multiply 17000 × 0.07 × 25 to get that:
The interest is: $29750.00
______________________________
b.) $75,266.35
c.) $79,358.65
d.) $80,332.11
Answer:
160:340
Step-by-step explanation:
The hours between 2:00pm and 4:00pm is 2 hours. If originally 350 freshman and 200 sophomores are at the carnival, and 20 freshman leave every hour, we can determine how many freshman left in 2 hours:
and if 35 sophomores arrive every half our, we know that for every two hours there is 4 half hours, therefore:
The amount of freshman at 4:00pm:
and the amount of sophomores:
the ratio is 160:340