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3 years ago

A car salesman had $65,100 in total monthly sales last month. He made $1,953 in commission from those sales.

Mathematics

2 answers:

vitfil [10]3 years ago

5 0

Answer:

Find out the what is the salesman's commission as a percent of his total monthly sales .

To prove

Formula

$Percentage = \frac{Part\ value\times 100}{Total\ value}$

As given

A car salesman had $65,100 in total monthly sales last month. He made $1,953 in commission from those sales.

Here

Part value = $1953

Total value = $ 65100

Put in the formula

$Percentage = \frac{1953\times 100}{65100}$

$Percentage = \frac{195300}{65100}$

Percentage = 3%

Therefore the salesman's commission as a percent of his total monthly sales is 3% .

vovikov84 [41]3 years ago

5 0

Answer:

Step-by-step explanation:

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2 years ago

Create an exponential to describe $100 at 2% interest, compounded annually, for x years. y=100(.98)^x y=100(.8)^x y=100(1.2)^x y

zysi [14]

The exponential to describe $100 at 2% interest, compounded annually, for x years is $y=100(1.02)^{x}$

<h3>Solution:</h3>

Given that $ 100 at 2 % interest , compounded annually for "x" years

The formula for compound interest, including principal sum, is:

$A=P\left(1+\frac{r}{n}\right)^{n t}$

A = the future value of the investment/loan, including interest

P = the principal investment amount (the initial deposit or loan amount)

r = the annual interest rate (decimal)

n = the number of times that interest is compounded per unit t

t = the time the money is invested or borrowed for

Here in this sum,

P = $ 100

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number of years = x

Here given that compounded annually , so n = 1

Let "y" be the amount after "x" years

Substituting the values in formula we get,

$\begin{aligned}&y=100\left(1+\frac{0.02}{1}\right)^{1 \times x}\\\\&y=100(1+0.02)^{x}\\\\&y=100(1.02)^{x}\end{aligned}$

Thus the exponential to describe is $y=100(1.02)^{x}$

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3 years ago