So bassically
his commision rate is
x% times 190000=comission
so x% times 190000=11400
divide both sdies by 190000
x%=11400/190000
solve for x percent
11400/190000=114/1900=3/50
x%=3/50
percent means parts out of 100 so x%=x/100
x/100=3/50
3/50=6/100
x/100=6/100
multiply both sdies by 100
x=6
the commision rate is 6%
The answer to this question would be <span>B. Mystic
</span><span>
Since the rate should be constant, option C and D wouldn't be true.</span>
If the Four Rivers bank gives 12% per year and Mystic Bank gives 14% per year, it will be 3% per quarter year for Four Rivers Bank and 7% semiannually for Mystic Bank.
The total rate would become:
Four rivers 103%^4= 1.125
Mystic : 107%^2= 1.145
The total amount paid in monthly payments is found by multiplying $70 by 10. This is the only information that is needed to find the amount paid over 10 months.
70 x 10 = $700
Ennifer will pay $700 in monthly payments.
