What is the question asking for?
Ok......... so ignore the pay part, that is not his pay but the 8% comission inclusive of the tax
Answer:
30%
Step-by-step explanation:
the first solution -30% will be 45% and the second solution added by 30% will be 45%
I’m not sure blocked from what
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%
