3.125 as a fraction is 25/8
The intersection is at (2,-1)
Answer:
12.12%
Step-by-step explanation:
We have that the formula is given by:
A = p * e ^ (r * t)
From here, we know that A = 200000; p = 20000 and the time we can calculate 40 - 21 = 19
if we replace we have:
200000 = 20000 * e ^ (19 * r)
we must calculate r:
e ^ (19 * r) = 200000/20000
e ^ (19 * r) = 10
19 * r = ln 10
r = ln 10/19
r = 0.1212
In other words, the rate of growth is 12.12%
Answer:
a) P = 0.08s +200
b) $488
c) $6250
Step-by-step explanation:
<h3>a)</h3>
Your answer is correct. The commission rate is multiplied by the sales amount, and that product is added to the guaranteed pay to get the paycheck amount:
P = 0.08s +200
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<h3>b)</h3>
Fill in 3600 for s and do the arithmetic.
P = 0.08×3600 +200 = 288 +200 = 488
The paycheck amount will be $488.
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<h3>c)</h3>
Use the equation for part (a) and solve for P = 700.
700 = 0.08s +200
500 = 0.08s . . . . . . subtract 200
500/0.08 = s = 6250 . . . dollars; divide by the coefficient of s to get this
Sales would have to be $6250.
