Answer:
1) His total commission is $1,234.3
2) The purchase of the car is $24,790.
Step-by-step explanation:
1) 21640*0.02= 432.8+ 250= 682.8
15075*0.02= 301.5+ 250= 551.5
682.8+ 551.5= 1,234.3
2) 745.8- 250= 495.8/ 0.02= 24,790
They expect a good test grade A+
A=p(1+r/100)^n
A=2500(1+4/400)^16
A=2931.45
Invested amount (P) = $300.
Time in years (t) = 2 years.
Balance after 2 years (A) = $329.49.
Let us assume rate of interest = r % compounds annually.
We know, formula for compound interest

Plugging values in formula, we get




Taking square root on both sides, we get





r=0.048.
Converting it into percentage by multiplying by 100.
r=0.048 × 100
r = 4.8 %
Therefore, the rate of interest on the account is 4.8% compounds annually.
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