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3 years ago

14

John is paid 5% commission on the value of photocopiers he sells. Last week he sold $24,000 worth of copiers. He decided to inve

st his last week's earnings in a savings bond that pays 5% simple interest annually. How much will the bond be worth in 4 years?

1 answer:

allsm [11]3 years ago

3 0

Answer:

5040

Step-by-step explanation:

24000-5%=1200

1200+5%=1260

1260x4=5040

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