Asumming simple interest rate.
![\bf ~~~~~~ \textit{Simple Interest Earned Amount}\\\\ A=P(1+rt)\qquad \begin{cases} A=\textit{accumulated amount}\\ P=\textit{original amount deposited}\to& 5000\\ r=rate\to 7\%\to \frac{7}{100}\to &0.07\\ t=years\to &5 \end{cases} \\\\\\ A=5000[1+(0.07)(5)]\implies A=5000(1.35)](https://tex.z-dn.net/?f=%5Cbf%20~~~~~~%20%5Ctextit%7BSimple%20Interest%20Earned%20Amount%7D%5C%5C%5C%5C%0AA%3DP%281%2Brt%29%5Cqquad%20%0A%5Cbegin%7Bcases%7D%0AA%3D%5Ctextit%7Baccumulated%20amount%7D%5C%5C%0AP%3D%5Ctextit%7Boriginal%20amount%20deposited%7D%5Cto%26%205000%5C%5C%0Ar%3Drate%5Cto%207%5C%25%5Cto%20%5Cfrac%7B7%7D%7B100%7D%5Cto%20%260.07%5C%5C%0At%3Dyears%5Cto%20%265%0A%5Cend%7Bcases%7D%0A%5C%5C%5C%5C%5C%5C%0AA%3D5000%5B1%2B%280.07%29%285%29%5D%5Cimplies%20A%3D5000%281.35%29)
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Answer:
The total income of designer from this work is $1649.6.
Step-by-step explanation:
The fees charged by the designer = $1600
The commission on total sales = 8%
Total sales amount in the festival = $620
Now, 8% of $620 =
So, the commission on total sales = $49.6
Also, Total Income of the designer = Deign Fee + 8% Commission fee
= $1600 + $49.6
= $1649.6
Hence, the total income of designer from this work is $1649.6.