The correct equation that models for this problem is x over y or x/y.
Let the following values be:
x - would be the money or commissions that Duncan earned.
y - would be the 20 percent that he gives his assistant
Answer:
number 2
Step-by-step explanation:
Answer:
£4867.2
Step-by-step explanation:
Given data
P= £4500
T=2 years
R= 4%
The compound interest expression
A=P(1+r)^t
substitute
A= 4500(1+0.04)^2
A=4500(1.04)^2
A=4500*1.0816
A=£4867.2
Hence the balance is £4867.2
