Sue invests $600 in an account at 4.5% simple interest paid annually over the term of 10 years. What is the final value?
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<u>Given:</u>
Zoe gets paid a 1% commission for every sale she makes in addition to base pay.
She sold $8,000 worth of computers on a day and made $140 that day.
<u>To find:</u>
A function P(x) representing total pay on a day where she sells x dollars worth of computers.
<u>Solution:</u>
To determine the function P(x) we need to determine how much Zoe's base pay per day is.
One day, she sold $8,000 worth of computers and made $140 that day.
She gets a commission of 1% for $8,000.
1% of $8,000
So she got paid $140 out of which $80 was a commission.
So her base pay
So Zoe's base pay is $60 a day.
P(x) is the sum of her base pay and 1% of the amount of computer sales she makes ($x).
So , where x is the computer sales she makes in dollars. P(x) is represented in dollars.